TaxTMI 
TaxTMI 
Cenvat Credit on Finished Goods
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....envat Credit on Finished Goods<br> Query (Issue) Started By: - Laxmaiah Vanamamula Dated:- 21-1-2014 Last Reply Date:- 21-1-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>we have registered....
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.... manufaturing unit, Products > PVC Pipes Query > we have received a order from Customer, for 4 sizes, we manufactered only 3 sizes, we booughtout( sold) from others the above 1 size, can we take ....
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....Cenvat credit on above boughtout size, Please clarify. Thanking you sir, V.Laxmaiah Reply By JYOTI DEORA: The Reply: Dear V.laxmaiah, cenvat credit is eligable only inputs, In your case you are p....
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....urchasing the goods and your final product is same only size different is there. as per my understanding you can not carry out any process in such goods only supply as it is along with your product. s....
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....o in such situation you can not avail the cenvat credit. please donot treat your pruchase as boughout items. because your final product is same.. Reply By Rajesh Nathoo: The Reply: Dear Mr. Laxmaaih....
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...., I m in agreement with Ms. Jyoti,s Reply, it is just like trading . U cannot take credit on traded goods as u are not obliged to pay Excise duty when u sell these to ur customs . U should maintain ....
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....a separate account of these traded items .<br> Discussion Forum - Knowledge Sharing ....