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Cenvat credit availability, Central Excise |
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Cenvat credit availability |
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we have purchase a furnace oil for our finished goods for heat treatement. also we are use that furnace oil for our job work or labour charge materials we shall take full credit of that furnace oil invoice. shall we debit the duty the furnace oil we shall use for job work materials. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
All depend upon the nature of Job Working activity and / or labour charge activity. In case the excise duty is being paid by the principle (raw material supplier), you are allowed to avail cenvat credit.
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