Cenvat Credit Elligibility, Central Excise

[Swapneswar muduli]

Dear Sir,

If we use some material fro R & D purpose in that case can we taken the cenvat Credit on that goods which we are using for R & D Purpose.

Swapneswar Muduli

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

If it is related to the services provided by you the same can be taken.

[Ganeshan Kalyani]

If the R&D is within the factory then you can avail the credit.

[Rajagopalan Ranganathan]

Sir,

If you carry out R & D activity within your factory premises and connected with manufacturing of dutiable final products, then you are eligible to take credit of duty paid on inputs used in such R & D activity. Otherwise you are not eligible.

[KASTURI SETHI]

In my views, if replies of all the experts are grouped into one, it will be a whole, complete and perfect reply.