Eligible Duty / Taxes - Utilization - Removal as such - Write off - reversal - Cenvat Credit Rules, 2004

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.... is eligible for Cenvat Credit? Rule 3(1) of CCR, 2004 allows various types of duties, taxes or cess including CVD / SAD that can be availed on Inputs, Input services or Capital Goods by the Manufacturer or Provider of Output services. Rule 3(2) and (3) of CCR, 2004 allows credit on Inputs lying in stock or in process or inputs contained in final products lying in stock when assessee starts payi....

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....ng free warranty for final products. Rule 3(5A) of CCR, 2004 makes provisions for payment of amount on removal of capital goods after use after deducting depreciation at certain percentage. Rule 3(5B) of CCR, 2004 makes provisions for written off of goods / obsolete goods. Rule 3(5C) of CCR, 2004 makes provisions for reversal of credit in case of remission of duty. Rule 3(6) of CCR, 2004 - amo....