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Cenvat credit availability, Central Excise |
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Cenvat credit availability |
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We (a DTA unit) purchase some materials from an EOU uni. What Cenvat credit will be available to us? Is it as per Rule 3(7) or as per proviso to Rule 3(7)? Regards Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Yes. Credit has to be taken as per formula prescribed under Rule 3(7) of CCR rules 2004. The formula is X multiplied by(1+BCD/400) multiplied by (CVD/100) where X denotes assessable Value. Page: 1 Old Query - New Comments are closed. |
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