TMI BlogCaptive ConsumptionX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We are using some of our Intermediate products within the factory as captive consumption., and we have raised the Self Invoice by adopting Rule 8 of the Valuation Rules and discharged the duty. My query here is am i eligible to avail Cenvat Credit on the Invoice raised by us as Self. Please offer your valuable suggestions for availing cenvat credit. Regards, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ChittiLal. Agarwal. - Reply By ajay singh - The Reply = Dear ChittiLal. Agarwal. You have to certify the cost of production on the basis of CAS- 4, from a cost accountant in practise, and on the basis of that certificate you can avail credit. - Reply By shamanthaka mani - The Reply = Notification No. 67/95-CE dated 16.3.1995 as amended exempts the intermediate goods if captivel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y consumed from payment of duty. Therefore you need not pay duty on such goods just raising an invoice with a mention exempted udner Notification No. 67/95-CE dt.16.3.1995 is sufficient - Reply By NEERAJ KUMAR, RANCHI - The Reply = Dear Mr Agarwal Mr. Mani has correctly mentioned that as per notification no. 67/95 u need not pay duty for captive consumption of intermediate goods. But as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... far as your question is concerned that yo have issued invoice as per rule 8 of valuation rule that means on the basis of 110 % of the cost of productionn and paid duty accordingly on that. So in my opinion there is no prohibition in taking credit of that amount. Regards, Neeraj - Reply By shamanthaka mani - The Reply = Yes, as Mr. Neeraj said credit can be availed on the basis of your invoic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. There is no problem. - Reply By NEERAJ KUMAR, RANCHI - The Reply = To add further to my reply, a CAS 4 certificate may be required by the department. - Reply By kothapally Raji Reddy - The Reply = Dear Agarwalji Shri Shamanthaka Mani gave a correct reply by advising you to avail exemption under notification 67/95CE . rrkothapally - Reply By Mangesh Lokre - The Reply = The advis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e given by Mr shamanthaka mani is correct. There is no need to pay the Excise Duty, - Reply By pradeep khatri - The Reply = Mentioning the Notification 67/95 is mandatory while issuing invoices for captive consumption. - Captive Consumption - Query Started By: - JSW SEVERFIELD STRUCTURES LIMITED Dated:- 2-8-2011 Central Excise - Got 8 Replies - Central Excise - Discussion Forum - Knowled ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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