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CENVAT credit utilization scheme

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Anonymous

10y ago
Updated: 8/16/2019

If any manufacturer purchased a material, which is duty paid, and if it is used for his further manufacturing activity, he can avail this as credit in his book based on the Central Excise Invoice.� At the time of selling his manufactured goods, he is liable to pay the excise duty.� He can adjust the credit which he has taken into his book and pay the rest. For example, CENVAT availed at the time purchased various goods is 20,000. CENVAT payable for his product at the time sales�25,000. In complete he will pay only 5000 through cash deposit in PLA.

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Wiki User

10y ago

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