1. CENVAT CREDIT

2. Basic Features Concept of Cenvat credit.
Landmarks – 1986, 1994 & 2004.
Cenvat Credit Rules, 2004.

3. Applicability
Manufacturers.
Service providers.

4. Certain terms. Input. Capital goods. Input Services.
Input Service Distributor.
First / Second stage dealer.

5. Cenvattable duties / taxes
Basic Excise Duty.
CVD.
NCCD.
Education CESS.
Addl. Duty of Customs – Sec. 3(5).
Service Tax and CESS thereon.

6. Utilisation and Restrictions on utilisation
Payment of Excise duty.
Payment of Service tax.
Other payments.
Cross utilisation.

7. Other conditions. Capital goods – 50 % restriction.
No to “having the cake and eating it too
- Depreciation / Cenvat Credit.
Removal of inputs / capital goods
- the story “as such”.

8. Other conditions. Removal for job work. Write off.
Service Tax Credit - Pay and use.
Documents for availing credit.

9. Rule 6 Algebra.
Position upto
Position from

10. Rule 6. Protection to certain clearances. Protected Services.
Chandrapur Magnet Wires (P) Ltd Vs CCE.
1996 (81) ELT 3 SC
- Recent developments.

11. Certain common disputes…
Credit for mobile phone.
India Rayon Industries Ltd. Vs CCE
2006 (4) STR 79.
Credit for outdoor catering.
Victor Gaskets India Ltd Vs CCE
2008 – TIOL – 409.

12. Certain common disputes…
Credit for outward transportation.
- Gujarat Ambuja Cements Ltd. Vs CCE.
2007 (6) STR 249.
- India Cements Limited Vs CCE
2007 (8) STR 43.
- Master Circular and recent amendments.

13. THANKS