Cenvat Credit on sample and replacement invoices

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..... Dear All, Greetings of the day.. Kindly confirm that cenvat credit of samples and replacement is claimable or not. (i.e some times machinery supplier send replacement parts with excise invoice. They .....

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..... shows basic amount as discount and excise invoice as per cenvat rule) Kindly guide me. Regards M.RamKumar - Reply By MUKUND THAKKAR - The Reply = Dear M,Ramkumar, if you are cleared your defe .....

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..... ctive part on payment of excise duty than you can availed cenvat credit. - Reply By Pradeep Khatri - The Reply = Dear Mathurthi, Proportioned CENVAT credit and Input Tax Credit, if any, needs to be .....

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..... reversed to avail the CENVAT credit and Input Tax Credit on replaced parts etc. On samples, if these are being used in or in relation to the manufacturing of finished goods then you can claim otherw .....

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..... ise not. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants) - Reply By Naveed S - The Reply = If machine is under warranty and such replacement parts are under warra .....

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..... nty period, then cenvat credit can be availed, provided the damaged part is returned back to the supplier on excise invoice and on reversal of duty - Cenvat Credit on sample and replacement invoices .....

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..... - Query Started By: - Mathurthi RamKumar Dated:- 7-3-2015 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manag .....

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..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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