TaxTMI 
TaxTMI 
cenvat credit
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....envat credit<br> Query (Issue) Started By: - narendra arora Dated:- 12-7-2013 Last Reply Date:- 28-7-2013 Central Excise<br>Got 5 Replies<br>Central Excise<br>can I avail cenvat credit on those items which are procured on payment of excise duty and sale these items as such after new packing and charge excise duty at the time of sales Reply By rakshit verma: The Reply: If your repacked products ....
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....are specified under section 2(f)(iii) of the CEA,1944, than you can avail cenvat credit and pay excise duty Regards Rakshit e-ma0l:[email protected] Reply By R MUTHURAJ: The Reply: Hi, As Mr.Rakshit pointed out, it should come with in the meaning of manufacture. The following inputs which may be useful to you. As per Excise rules, in respect of the manufacturing process, - There should....
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.... be inputs (raw materials) - They should be subjected to processing. - As a result a new product quite different from the inputs should be obtained. - The Finished Product must have a distinct Name, Character and Usage quite different from the inputs. In your case, it seems to be you are not doing the above process. Therefore, you are not supposed to take credit and you have to clear the produc....
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....ts on dealer basis with duly registered. In case you are clearing the materials As such which is procured for your own use, then you may remove it on reversal of cenvat credit whatever you have availed. Regards, R.Muthuraj Reply By vijay kumar: The Reply: Repacking amounts to manufacture u/s 2(f) only in respect of certain commodities specified under Schedule III of Central Excise Act, 1944.....
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.... If your product is covered there under, you can take credit and charge excise duty on the goods sold by you. However, if it is not covered there, since the process undertaken does not amount to manufacture nor since the inputs are sold as such, you will not be in a position to take the credit at all. For further clarification, pl specify the product and chapter heading. Reply By narendra arora: ....
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....The Reply: Thanks to all ! Vijay Kumar ji, chapter heading of our product is 79040030. Please advise. Reply By narendra arora: The Reply: Shri Vijay Kumar ji Awaiting for your comment. narendra arora<br> Discussion Forum - Knowledge Sharing ....