docs required to snd back the material, Central Excise

[anand rama rao]

Dear Experts,

We are hiring a DG set from another state. Now we are send back this DG set to the same party as the rental contract is completed. Pls advice the necessary documents required.

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

You cannot avail the credit of CENVAT duty paid on the DG set since you have taken it on payment of rent. Under rule 4 (3) of CENVAT Credit Rules, 2004 if the capital goods are acquired by a manufacturer/output service provider on lease, hire purchase or loan agreement, from a financing company, then you can take credit. Since you are not eligible to take credit you can remove the DG set under you own document like delivery challan etc.