DRAWING VALUE, Central Excise

[SHARMA NARAYAN]

Dear All

can we take cenvat credit on DRAWING vALUE which is add in Assessable Value

Posts / Replies

[MUKUND THAKKAR]

you query is not clear.. plz post in detail.

[Rajagopalan Ranganathan]

Sir,

Value of drawing is includible in the transaction value of the manufactured goods. As rightly pointed out by Shri. Mukundji what you want to take credit. If service tax is paid on such drawing then the same can be availed as credit on input service used in the manufacture of dutiable final product.

[YAGAY AND SUN]

Design Charges are includible only if they relate to such goods i.e. goods under assessment - India Sugar v CCE (2009) 242 ELT 476 (CESTAT). = 2009 (2) TMI 289 - CESTAT, NEW DELHI

[YAGAY AND SUN]

Design & Drawing are goods, hence, duty paid on such goods can be availed as CENVAT credit.

[KASTURI SETHI]

I support the views of Sh.Ranganathan Sir and M/s.YAGAY AND SUN, Sirs.

[Ganeshan Kalyani]

Enriching discussion by my learned experts. Thanks.