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Whether Cenvat Credit of the SBC is available?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shivanshi singh asked almost 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

SBC is not integrated in the Cenvat Credit Chain.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

Litigation & Judgments thereof are at later stage wherein one can expect anything or CBEC can amend the CENVAT Credit Rules thus allowing the credit of SBC.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered almost 3 years ago

SBC is not integrated in the Cenvat Credit Chain. Therefore, credit of SBC cannot be availed. Further, SBC cannot be paid by utilizing credit of any other duty or tax. Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered almost 3 years ago

Dear all important is the Provisions contained in the CENVAT Credit Rules, wherein CENVAT Credit has not been allowed as of now for SBC. Litigation & Judgments thereof are at later stage wherein one can expect anything or CBEC can amend the CENVAT Credit Rules thus allowing the credit of SBC.

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 3 years ago

Dear Friend, as far as your query is concerned that Whether Cenvat Credit of the SBC is available? Let me informed that SBC is not integrated in the Cenvat Credit Chain. Therefore, credit of SBC cannot be availed. Further, SBC cannot be paid by utilizing credit of any other duty or tax. Hope answer was helpful to you Regards, Arjun Pratap Singh

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