How does cenvat credit work?



Posted on 10-03-2016        By ADMIN



How does cenvat credit work?
In the manufacture of product X, if raw material A and raw material B are used, the manufacturer is allowed to take credit of the Central Excise duty paid on the raw materials A and B used in the manufacture of the final product X. He is allowed to use this credit while paying duty on the final product, X


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