TaxTMI 
TaxTMI 
Cenvat Credit on sample and replacement invoices
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....envat Credit on sample and replacement invoices<br> Query (Issue) Started By: - Mathurthi RamKumar Dated:- 7-3-2015 Last Reply Date:- 8-3-2015 Central Excise<br>Got 3 Replies<br>Central Excise<br>Dear....
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.... All, Greetings of the day.. Kindly confirm that cenvat credit of samples and replacement is claimable or not. (i.e some times machinery supplier send replacement parts with excise invoice. They show....
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....s basic amount as discount and excise invoice as per cenvat rule) Kindly guide me. Regards M.RamKumar Reply By MUKUND THAKKAR: The Reply: Dear M,Ramkumar, if you are cleared your defective part....
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.... on payment of excise duty than you can availed cenvat credit. Reply By Pradeep Khatri: The Reply: Dear Mathurthi, Proportioned CENVAT credit and Input Tax Credit, if any, needs to be reversed to a....
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....vail the CENVAT credit and Input Tax Credit on replaced parts etc. On samples, if these are being used in or in relation to the manufacturing of finished goods then you can claim otherwise not. Regar....
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....ds, YAGAY and SUN (Management, Business and Indirect Tax Consultants) Reply By Naveed S: The Reply: If machine is under warranty and such replacement parts are under warranty period, then cenvat c....
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....redit can be availed, provided the damaged part is returned back to the supplier on excise invoice and on reversal of duty<br> Discussion Forum - Knowledge Sharing ....