TaxTMI 
TaxTMI 
cenvat credit can be taken on purchasing coal
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....envat credit can be taken on purchasing coal<br> Query (Issue) Started By: - manan pandya Dated:- 24-5-2016 Last Reply Date:- 27-5-2016 Central Excise<br>Got 8 Replies<br>Central Excise<br>dear experts, we are manufacturer of specialty chemicals & all dutiable finished goods... we are using coal in our boiler , so can we take cenvat credit on coal ? pls. clarify.. regards, manan Reply By KAS....
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....TURI SETHI: The Reply: Dear Sh.Pandya Ji, Pl. go through Notification Nos. 1/11-CE dated 1.3.11 (serial No.28) as amended vide Notification No.16/12-CE dated 17.3.12 and Notification No.12/12-CE dated 17.3.12 in this context. Reply By manan pandya: The Reply: thank you sir for your valuable reply. sir ,if it is possible pls. clear of my issue id 110382 still nobody replied ... regards, Man....
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....an Reply By KASTURI SETHI: The Reply: Dear Sh.Pandya Ji, Have you studied both notifications carefully or not ? Reply By KASTURI SETHI: The Reply: Sh.Pandya Ji, What is the rate of Central Excise duty mentioned on invoice for purchase of coal ? Reply By KASTURI SETHI: The Reply: Dear Sh.Manan Ji, Issue ID 110382 pertains to Income Tax. I do not deal with Income Tax.Out of those experts....
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.... who are active in this forum, Sh.Ganeshan Kalyani, Sir is expert in Income Tax and all other fields. Reply By manan pandya: The Reply: sir, i tried to understand those notification suggested by you, in that not.1/11-CE dated 1.3.11 (serial No.28) , it was eligible to take credit and Notification No. 16/2012-Central Excise it was ommited sr.no. 28. & Notification No. 12 /2012-Central Excise, it....
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.... mentioned 1% if no credit has been taken on input. so basically it describes that we can't take credit of coal .. still i don't know the rate of central excise duty but party would passed on duty .. sir , pls. clarify , whatever i understand is correct , if wrong pls. explain. regards, manan Reply By KASTURI SETHI: The Reply: Dear Manan Pandya Ji, In Notification No.1/11-CE, Conce....
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....ssional rate of duty 1% is available with the condition that no credit will be available. And in 16/12-CE, concessional rate of duty has been increased to 2%. Condition is same. In Notification No.12/12-CE, also no credit is available. In other words, if your supplier issues invoice bearing concessional rate of duty in respect of coal, you cannot take credit. Reply By manan pandya: The Reply: th....
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....ank you very much sir, i am really thankful to you.. i am totally satisfied from this answer.. regards, Manan<br> Discussion Forum - Knowledge Sharing ....