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Excise Cenvat credit on Electricity Power bill, Central Excise

Issue Id: - 110846
Dated: 26-8-2016
By:- vikram singh

Excise Cenvat credit on Electricity Power bill


  • Contents

Dear Experts,

Please Guide,

Query :- Can we avail Cenvat/modvat credit on Electricity bill. where plant & machinery cost is over then ₹ 100 Crore ?

Regard

Vikram

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 26-8-2016
By:- Rajagopalan Ranganathan

Sir,

Electrical energy will fall under sub-heading No. 27160000 of first schedule of Central Excise Tariff Act, 1985. However the rate of duty column against the said sub-heading is blank. Therefore no cenvat duty is chargeable on electrical energy. Hence the question taking credit of Cenvat duty paid on electric energy does not arise.


2 Dated: 27-8-2016
By:- CS SANJAY MALHOTRA

Nicely explained.


3 Dated: 29-8-2016
By:- KASTURI SETHI

I fully support the views of both experts.


4 Dated: 29-8-2016
By:- vikram singh

Thanks to all experts.

Rgd.

Vikram


Page: 1

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