TMI BlogMaterial used for R & D PurposeX X X X Extracts X X X X X X X X Extracts X X X X ..... Material used for R & D Purpose X X X X Extracts X X X X X X X X Extracts X X X X ..... anufacture if we use some raw material for R & D purpose and on these material we taken Cenvat Credit so when we issue the stock for R & D purpose at that time we need to reverse the excise duty on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at material or not ? Regards Swapneswar Muduli Reply By KASTURI SETHI: The Reply: Yes you can take cenvat credit. It is in relation to the manufacture of final product. Pl. note that R & D is very ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... much basis of qualitative product. Goods are not marketable without quality. X X X X Extracts X X X X X X X X Extracts X X X X
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