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Excise Cenvat credit on Electricity Power bill

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..... Excise Cenvat credit on Electricity Power bill
Query (Issue) Started By: - vikram singh Dated:- 26-8-2016 Last Reply Date:- 29-8-2016 Central Excise
Got 4 Replies
Central Excise
Dear Expe .....

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..... rts, Please Guide, Query :- Can we avail Cenvat/modvat credit on Electricity bill. where plant & machinery cost is over then ₹ 100 Crore ? Regard Vikram Reply By Rajagopalan Ranganathan: T .....

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..... he Reply: Sir, Electrical energy will fall under sub-heading No. 27160000 of first schedule of Central Excise Tariff Act, 1985. However the rate of duty column against the said sub-heading is blank. .....

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..... Therefore no cenvat duty is chargeable on electrical energy. Hence the question taking credit of Cenvat duty paid on electric energy does not arise. Reply By CS SANJAY MALHOTRA: The Reply: Nicely e .....

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..... xplained. Reply By KASTURI SETHI: The Reply: I fully support the views of both experts. Reply By vikram singh: The Reply: Thanks to all experts. Rgd. Vikram
Discussion Forum - Knowledge Sha .....

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..... ring .....

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