Practical Discussion on Cenvat Credit Rules

Practical discussion on Cenvat Credit
Rules
Institute of Chartered Accountants of India
CCE Alwar
December 16, 2015
Presented by:
CA Gaurav Gupta
FCA, LLB, DISA
Partner
MGS & Co.

Index
Cenvat Credit CA Gaurav Gupta 2
• Rule 2(m)
• Rule 3(5B)
• Rule 4(7)
• Rule 5
• Rule 6(3)
ISD
Reversal of Cenvat credit on value write off
Conditions for Credit on Input Services
Refund of Cenvat Credit
Cenvat Credit in case of both taxable and
exempted goods / services

Rule 2(m)
Rule 2(m) of the Cenvat Credit Rules, 2004 defines
“input service distributor” to mean
i. an office of the manufacturer; or
ii. an office of the producer of final products; or
iii. an office of the provider of output service,
which receives invoices issued under Rule 4A of the Service Tax
Rules, 1994 towards purchases of input services and issues
invoice, bill or, as the case may be, challan for the purposes of
distributing the credit of service tax paid on the said services to
such manufacturer or producer or provider, as the case may be.
Cenvat Credit MGS & Co. 3

• Even a branch engaged in procurement activity and which does
not qualify as a independent unit of the Company can act as an
input service distributor and can distribute Cenvat credit received
by it.
– ITC Ltd. v CCE, Bangalore [[2014] 42 taxmann.com 322
(Bangalore - CESTAT)].
Rule 2(m)

Manner of distribution of credit by input service distributor. — The input
service distributor may distribute the CENVAT credit in respect of the
service tax paid on the input service to its manufacturing units or units
providing output service, subject to the following conditions, namely :—
(a) the credit distributed against a document referred to in rule 9 does not
exceed the amount of service tax paid thereon;
(b) credit of service tax attributable to service used by one or more units
exclusively engaged in manufacture of exempted goods or providing of
exempted services shall not be distributed;
(c) credit of service tax attributable to service used wholly by a unit shall be
distributed only to that unit; and
(d) credit of service tax attributable to service used by more than one unit shall
be distributed pro rata on the basis of the turnover of such units during the
relevant period to the total turnover of all its units, which are operational in
the current year, during the said relevant period.
Rule 2(m)

Explanation 1. - For the purposes of this rule, “unit” includes the premises of a
provider of output service and the premises of a manufacturer including the
factory, whether registered or otherwise.
Explanation 2. - For the purposes of this rule, the total turnover shall be
determined in the same manner as determined under rule 5.
Explanation 3. - For the purposes of this rule, the ‘relevant period’ shall be, -
(a) If the assessee has turnover in the ‘financial year’ preceding to the year
during which credit is to be distributed for month or quarter, as the case
may be, the said financial year; or
(b) If the assessee does not have turnover for some or all the units in the
preceding financial year, the last quarter for which details of turnover of all
the units are available, previous to the month or quarter for which credit is
to be distributed.
Rule 2(m)

Mr A is an advertisement designer having offices in Delhi, Mumbai and
Chennai and a unit in Parwanoo, Himachal. While the first three offices are
engaged in designing of advertisement and providing taxable services, the
Himachal unit is engaged in manufacturing of advertisement material.
Rule 2(m)
Unit Particular Turnover of preceding
period
Delhi Advertisement designing 10,00,000
Mumbai Advertisement designing 15,00,000
Chennai Advertisement designing 25,00,000
Parwanoo Manufacture of exempted
goods
1,00,00,000

The following Cenvat credits were received vide invoices towards various
services provided by vendors in the different units at the head office at Delhi for
payment:
Rule 2(m)
Nature of service Unit receiving services Cenvat credit
Security services Delhi 10,000
Mumbai 5,000
Chennai 5,000
Parwanoo 5,500
Professionals serving
different units
Delhi 100,000
Mumbai 50,000
Chennai 25,000
Parwanoo 10,000
Audit All units 150,000
Total 360,500

In the above example, while distributing credit, Delhi HO has to take following
points into consideration:
• Delhi cannot distribute credit more than that received on a bill, thus, for eg.
In case of security services of Mumbai, the credit available for distribution
cannot excees Rs 5,000. Total credit cannot exceed Rs 360,500.
• Credit attributable to service exclusively used in Parwanoo cannot be
distributed as it is engaged in manufacture of exempted goods. Thus,
credit of Rs. 15,500 (5,500+10,000) cannot be distributed.
• Credit of service tax attributed exclusively to different units would go to
those units only. Thus, the exclusive credit as would be passed to units is
as follows:
Rule 2(m)
Unit Credit
Delhi 110,000
Mumbai 55,000
Chennai 30,000

• Common Credit shall be distributed pro rata on the basis of the turnover i.e.
credit on audit fee shall be attributed in proportion of their Turnovers shall
be as follows:
• Summary of credit distribution would be as follows:
Rule 2(m)
Unit Credit
Delhi 10,000 (10,00,000/15000000 x 150,000)
Mumbai 15,000 (15,00,000/15000000 x 150,000)
Chennai 25,000 (25,00,000/15000000 x 150,000)
Parwanoo 1,00,000 (100,00,000/15000000 x 150,000)
Total 150,000
Unit Not allowed Exclusive Common
Delhi 110,000 10,000
Mumbai 55,000 15,000
Chennai 30,000 25,000
Parwanoo 15,500 1,00,000
Total 15,000 195,000 150,000

• Can a unit which is not registered as Input Service Distributor but receives
input services distribute credit and rectify the registration later being
procedural error?
- Market Creators Ltd. v CCE - 2014 (36) S.T.R. 386 (Tri. - Ahmd.)
- Nitco Ltd. v CCE 2014 (34) S.T.R. 835 (Tri. - Mumbai)
• Can recovery of Tax be made from Input Service Distributor when Cenvat
has been wrongly availed?
- IOCL v CCE - 2014 (35) S.T.R. 411 (Tri. - Del.)
• Can a different entity pass on credit to another entity by registering as Input
Service Distributor when such credit is attributed to activities of such other
entity?
- Sunbell Alloys Co. v CCE&C 2014 (34) S.T.R. 597 (Tri. - Mumbai)
Rule 2(m)

• If the value of any,
(i) input, or
(ii) capital goods before being put to use,
• on which CENVAT credit has been taken is written off fully or partially or
where any provision to write off fully or partially has been made in the
books of account then, the manufacturer or service provider, as the case
may be, shall pay an amount equivalent to the CENVAT credit taken in
respect of the said input or capital goods :
Provided that if the said input or capital goods is subsequently used in the
manufacture of final products or the provision of output services, the
manufacturer or output service provider, as the case may be, shall be
entitled to take the credit of the amount equivalent to the CENVAT credit
paid earlier subject to the other provisions of these rules.
Rule 3(5B)

• No reversal required in certain situation
• Service provider removes any capital goods outside his premises for
providing the output service.
• The Cenvat Credit is allowable even if any capital goods are sent as such
or after being partially processed to a job worker for further processing,
testing, repair, reconditioning, etc. However, Cenvat Credit shall be allowed
only if it is established by the output service provider taking the Cenvat
Credit that the capital goods are received back within 180 days of their
being sent to a job worker.
Rule 3(5B)

• Reversal required for the bottle (input) when written off by the assessee as
destroyed in case of bottled beverage manufacturer - Circular No.
930/20/2010-CX, dated 9-7-2010
• Whether reversal is required for provision for write off of Work in progress?
- Circular No. 907/27/2009-CX., dated 7-12-2009
Rule 3(5B)

Rule 4(7) The CENVAT credit in respect of input service shall be allowed,
on or after the day on which the invoice, bill or, as the case may be, challan
referred to in rule 9 is received :
Provided that in respect of input service where whole of the service tax is
liable to be paid by the recipient of service, credit shall be allowed after the
service tax is paid :
Provided further that in respect of an input service, where the service
recipient is liable to pay a part of service tax and the service provider is
liable to pay the remaining part, the CENVAT credit in respect of such input
service shall be allowed on or after the day on which payment is made of
the value of input service and the service tax paid or payable as indicated in
invoice, bill or, as the case may be, challan referred to in rule 9 :
Rule 4(7)
Credit of
100%
reverse
charge
liability
Basic
Credit Rule
Credit of
partial
reverse
charge

Provided also that in case the payment of the value of input service and the
service tax paid or payable as indicated in the invoice, bill or, as the case
may be, challan referred to in rule 9, except in respect of input service
where the whole of the service tax is liable to be paid by the recipient of
service, is not made within three months of the date of the invoice, bill or,
as the case may be, challan, the manufacturer or the service provider who
has taken credit on such input service, shall pay an amount equal to the
CENVAT credit availed on such input service and in case the said payment
is made, the manufacturer or output service provider, as the case may be,
shall be entitled to take the credit of the amount equivalent to the CENVAT
credit paid earlier subject to the other provisions of these rules :
Provided also that if any payment or part thereof, made towards an input
service is refunded or a credit note is received by the manufacturer or the
service provider who has taken credit on such input service, he shall pay an
amount equal to the CENVAT credit availed in respect of the amount so
refunded or credited :
Rule 4(7)
Reversal
when
payment
not made
within
three
months
Reversal of
Cenvat
when
payment is
refunded
or credit
note

Provided also that CENVAT credit in respect of an invoice, bill or, as the
case may be, challan referred to in rule 9, issued before the 1st day of April,
2011 shall be allowed, on or after the day on which payment is made of the
value of input service and the service tax paid or payable as indicated in
invoice, bill or, as the case may be, challan referred to in rule 9 :
Provided also that the manufacturer or the provider of output service shall
not take CENVAT credit after six months of the date of issue of any of the
documents specified in sub-rule (1) of rule 9.
Explanation I. - The amount mentioned in this sub-rule, unless specified
otherwise, shall be paid by the manufacturer of goods or the provider of
output service by debiting the CENVAT credit or otherwise on or before the
5th day of the following month except for the month of March, when such
payment shall be made on or before the 31st day of the month of March.
Rule 4(7)
Credit of
Input
services
relating to
prior to
1.4.2011
Restriction
post 6
months
Cenvat
Account to
be debited
by 5th

Explanation II. - If the manufacturer of goods or the provider of output
service fails to pay the amount payable under this sub-rule, it shall be
recovered, in the manner as provided in rule 14, for recovery of CENVAT
credit wrongly taken.
Explanation III - In case of a manufacturer who avails the exemption under
a notification based on the value of clearances in a financial year and a
service provider who is an individual or proprietary firm or partnership firm,
the expressions, “following month” and “month of March” occurring in sub-
rule (7) shall be read respectively as “following quarter” and “quarter ending
with the month of March.]
Rule 4(7)
Recovery
of wrong
Cenvat
Rationalisa
tion of
terminolog
y

Rule 4(7)
Whether Cenvat Credit be reversed even in case of associated
enterprises when the payment is not made within 3 months Yes
Whether Cenvat Credit be allowed proportionately when payment
on invoice is made at value less than that shown in invoice
Yes
Whether Service tax is to be deposited by the Service provider
before recipient can take its credit?
No
BSNL v
CCE

Rule 4(7)
Is Cenvat allowed When payments are made through debit/credit
and debit/credit entries in books of account or by any other mode
as mentioned in Section 67 Explanation (c) for transactions
between associate enterprises
Yes,
Circular
dated 30th
April 2010
Is Cenvat allowed where a service receiver does not pay the full
invoice value and the service tax indicated thereon due to some
reasons
Yes
IS full Cenvat allowed when part of invoice value is held as
security deposit
Yes
CCE v
Hindustan
Zinc Ltd.

• 5. Refund of CENVAT Credit. — (1) A manufacturer who clears a final
product or an intermediate product for export without payment of duty under
bond or letter of undertaking, or a service provider who provides an output
service which is exported without payment of service tax, shall be allowed
refund of CENVAT credit as determined by the following formula subject to
procedure, safeguards, conditions and limitations, as may be specified by
the Board by notification in the Official Gazette :
Refund amount = (Export turnover of goods + Export turnover of services)
× Net CENVAT credit
-----------------------------------------------------------------
Total turnover
Rule 5

• “Refund amount” means the maximum refund that is admissible;
• “Net CENVAT credit” means total CENVAT credit availed on inputs and
input services by the manufacturer or the output service provider reduced
by the amount reversed in terms of sub-rule (5C) of rule 3, during the
relevant period;
• “Export turnover of goods” means the value of final products and
intermediate products cleared during the relevant period and exported
without payment of Central Excise duty under bond or letter of undertaking;
• “Export turnover of services” means the value of the export service
calculated in the following manner, namely :-
Export turnover of services = payments received during the relevant period
for export services + export services whose provision has been completed
for which payment had been received in advance in any period prior to the
relevant period - advances received for export services for which the
provision of service has not been completed during the relevant period;
Rule 5

• “Total turnover” means sum total of the value of -
(a) all excisable goods cleared during the relevant period including exempted
goods, dutiable goods and excisable goods exported;
(b) export turnover of services determined in terms of clause (D) of sub-rule (1)
above and the value of all other services, during the relevant period; and
(c) all inputs removed as such under sub-rule (5) of rule 3 against an invoice,
during the period for which the claim is filed.
(2) This rule shall apply to exports made on or after the 1st April, 2012 :
Provided that the refund may be claimed under this rule, as existing, prior to
the commencement of the CENVAT Credit (Third Amendment) Rules,
2012, within a period of one year from such commencement :
Rule 5

• Provided further that no refund of credit shall be allowed if the manufacturer
or provider of output service avails of drawback allowed under the Customs
and Central Excise Duties and Service Tax Drawback Rules, 1995, or
claims rebate of duty under the Central Excise Rules, 2002, in respect of
such duty; or claims rebate of service tax under the [Service Tax Rules,
1994] in respect of such tax.
• Explanation 1. - For the purposes of this rule, -
(1) “export service” means a service which is provided as per rule 6A of the
Service Tax Rules, 1994;
(2) “relevant period” means the period for which the claim is filed.
• Explanation 2. - For the purposes of this rule, the value of services shall be
determined in the same manner as the value for the purposes of sub-rules
(3) and (3A) of rule 6 is determined
Rule 5

• Limitation of 1 year under Section 11B of CEA
• Limitation to be computed from relevant date
Rule 5

• (B) “relevant date” means, -
(a) in the case of goods exported out of India where a refund of excise duty
paid is available in respect of the goods themselves or, as the case may be,
the excisable materials used in the manufacture of such goods, -
(i) if the goods are exported by sea or air, the date on which the ship or
the aircraft in which such goods are loaded, leaves India, or
(ii) if the goods are exported by land, the date on which such goods pass
the frontier, or
(iii) if the goods are exported by post, the date of despatch of goods by
the Post Office concerned to a place outside India;
(b) in the case of goods returned for being remade, refined, reconditioned, or
subjected to any other similar process, in any factory, the date of entry into
the factory for the purposes aforesaid;
Rule 5

(c) in the case of goods to which banderols are required to be affixed if
removed for home consumption but not so required when exported outside
India, if returned to a factory after having been removed from such factory
for export out of India, the date of entry into the factory;
(d) in a case where a manufacturer is required to pay a sum, for a certain
period, on the basis of the rate fixed by the Central Government by
notification in the Official Gazette in full discharge of his liability for the duty
leviable on his production of certain goods, if after the manufacturer has
made the payment on the basis of such rate for any period but before the
expiry of that period such rate is reduced, the date of such reduction;
(e) in the case of a person, other than the manufacturer, the date of purchase
of the goods by such person;
(ea) in the case of goods which are exempt from payment of duty by a special
order issued under sub-section (2) of Section 5A, the date of issue of such
order;
Rule 5

(ea) in the case of goods which are exempt from payment of duty by a special
order issued under sub-section (2) of Section 5A, the date of issue of such
order;
(eb) in case where duty of excise is paid provisionally under this Act or the rules
made thereunder, the date of adjustment of duty after the final assessment
thereof;
(ec) in case where the duty becomes refundable as a consequence of
judgment, decree, order or direction of appellate authority, Appellate
Tribunal or any court, the date of such judgment, decree, order or direction;
(f) in any other case, the date of payment of duty.
Rule 5

Rule 5
Following is the procedure laid down in the Notification 5/2006-CE(NT), dated
14.03.2006 for filing of the application for refund of Service Tax under Rule 5 of
Cenvat Credit Rules, 2004:
The Claim for refund is not submitted more the once for any Quarter in a
Calendar year. However, refund can be filed on Monthly basis by an
assessee/applicant whose average export clearances are more than 50% of
the total clearances. Further, EOU Units can also file refund application on
monthly basis.
The application shall be moved/filed in Form A before the Deputy
Commissioner of Central Excise or the Assistant Commissioner of Central
Excise, as the case may be, in whose jurisdiction the factory from which the
final products are exported is situated in the case of manufacturing of goods or
the registered premises of the service provider from which output services are
exported is situated.

Rule 5
The relevant enclosures required to be filed alongwith the Application for refund
are:
• Copy of the relevant Shipping Bills or Bills of Export duly certified by the
officer of customs
• Copy of invoices.
• Certificate from the bank certifying realization of export proceeds
• Relevant extracts of the records maintained under the Central Excise
Rules, 2002, the CENVAT Credit Rules, 2004, or the Service Tax Rules,
1994, as the case may be, evidencing taking of CENVAT credit, utilization
of such credit in payment of excise duty or service tax and the balance
unutilized credit during the given period.
It has been clarified vide Circular No 120/01/2010-ST, dated 19.01.2010 that
though the Application for Refund needs to be filed on quarterly basis, but in
case of accumulated credit, the same can be claimed if there is no exports in
that particular quarter.

2(d) “exempted goods” means excisable goods, which are
• Are exempt from the whole of the duty of excise leviable thereon
• Are chargeable to “Nil” rate of duty goods in respect of which the benefit of an
exemption under Notification No. 1/2011-CEor under entries at serial numbers 67
and 128 of Notification No. 12/2012-CEis availed
(e) “exempted service” means a -
(1) taxable service which is exempt from the whole of the service tax leviable thereon; or
(2) service, on which no service tax is leviable under section 66B of the Finance Act; or
(3) taxable service whose part of value is exempted on the condition that no credit of
inputs and input services, used for providing such taxable service, shall be taken;
but shall not include a service which is exported in terms of rule 6A of the Service
Tax Rules, 1994.
Rule 6(3)
Exempted
Goods
Exempted
Services

• Export excluded from the purview of Exempted services:
Rule 6(8) provides that a service provided or agreed to be provided shall not be an
exempted service when:—
(a) the service satisfies the conditions specified under rule 6A of the Service Tax Rules,
1994 and the payment for the service is to be received in convertible foreign
currency; and
(b) such payment has not been received for a period of six months or such extended
period as may be allowed from time-to-time by the Reserve Bank of India, from the
date of provision:
Provided that if such payment is received after the specified or extended period
allowed by the Reserve Bank of India but within one year from such period, the
service provider shall be entitled to take the credit of the amount equivalent to the
CENVAT credit paid earlier in terms of sub-rule (3) to the extent it relates to such
payment, on the basis of documentary evidence of the payment so received.
Rule 6(3)
Exports

• Services to SEZ – whether exempted services?
Ashlyn Enterprises v. Commissioner of Central Excise, Bangalore [2013] 32
taxmann.com 258 (Bangalore - CESTAT)
• Clearance of exempted waste products – whether reversal required?
Commissioner of Central Excise, Raipur v. Devi Iron & Power Ltd. [2013] 31
taxmann.com 293 (New Delhi - CESTAT)
• Clearance by Job worker where principal pays Excise Duty – whether reversal
required?
Commissioner of Central Excise v. A.I.A. Engineering (India) Ltd. [2013] 30
taxmann.com 64 (Gujarat),
Rule 6(3)

Rule 6(3)
Type of services provided Treatment of Cenvat credit
All exempt services No Cenvat credit available
All taxable services provided All eligible credit on inputs, input services and
capital goods available
Both taxable as well as exempt
services provided
Cenvat Credit available as per Rule 6(3) of Cenvat
Credit Rules, 2004

Rule 6(3)
Provider of Taxable as well as exempt Services
Maintain Seperate
Accounts [Rule 6(2)]
For
Taxable
services
Cenvat credit
is Avialable
For
exempted
services
Cenvat
Credit is
not
available
Do Not Maintain
seperate Accounts
[Rule 6(3)]
Option I
Credits on all inputs / input
services available and
service tax is to be paid as
follows on the output
services
On taxable
Services
Pay Service tax
at normal rates
On Exempted
services
Pay 6% of
value of
exempted
goods/ services
Option II
Credits on all
inputs / input
services available
Cenvat credit to be
Reversed on
proportionate basis
Option III
Maintain
Seperate
records for
Inputs only

Three Choices:
• Pay 6%
• Proportionate Credit reversal under Rule 6(3A)
• Maintain separate accounts for inputs & pro-rata credit reversal on input
services under Rule 6(3A)
Rule 6(3)

Rule 6(3)
Whether an assessee availing option (i) or option (ii) under rule
6(3) is allowed to take CENVAT Credit of duty paid on inputs and
input services which are used for both dutiable and exempted
goods or services.
Yes
Whether an assessee availing option (i) in respect of certain
exempted goods/services can also avail option (ii) in respect of
other exempted goods or services simultaneously?
No
What is the accounting code to be followed by the assessee who
is required to pay 8% or other amount for the exempted service
under Rule 6(3).
0044
Whether input services distributor can also opt for option (i)
or option (ii)?
No

Rule 6(3)
Whether export of service without payment of service tax under
Export of Service Rules shall be treated as exempted service for
the purpose of rule 6(3)?
No
Is reversal on inputs is to be done on the basis of actual
consumption of inputs used and the quantification may be made
based upon the stores/production records maintained by the
manufacturer.
Yes
Should the inputs used in both exempted and dutiable products
should be stored separately.
No
Does Sub-rules (3B) and (3C) of rule 6 apply to whole entity or
independently in respect of each registration?
Each
registration

Rule 6(3)
Service Value shall be determined
For all services in general Shall have the same meaning as assigned to it
under section 67 of the Finance Act
In case of following persons availing beneficial
rates for payment of Service Tax under Service Tax
Rules, 1994:
 air travel agent [Rule 6(7)]
 insurer carrying on life insurance business
[Rule 6(7A)]
 service tax in relation to purchase or sale of
foreign currency [Rule 6(7B)]
 distributor or selling agent, liable to pay
service tax for the taxable service of
promotion, marketing, organising or in any
other manner assisting in organising
lottery[Rule 6(7C)]
Value on which the rate of service tax under
section 66B of the Finance Act, read with an
exemption notification, if any, relating to such
rate, when applied for calculation of service tax
results in the same amount of tax as calculated
under the option availed

Rule 6(3)
Service Value shall be determined
In case of trading Difference between the sale price and the cost of
goods sold (determined as per the generally
accepted accounting principles without including
the expenses incurred towards their purchase) or
ten per cent of the cost of goods sold, whichever
is more
In case of trading of securities Difference between the sale price and the
purchase price of the securities traded or one per
cent. of the purchase price of the securities
traded, whichever is more
All services in general Value shall not include the value of services by
way of extending deposits, loans or advances in so
far as the consideration is represented by way of
interest or discount

Rule 6(3)(ii) / (iii)
Opt
• While exercising this option, the manufacturer of goods or the provider of
output service shall intimate in writing to the Superintendent of Central
Excise
Provsional
• Provisional payment of Cenvat amount attributable to exempted goods /
services to be paid every month
Actual
• Actual determination of amount attributable to exempted goods / services
to be made at year end
Payment
• Pay any shortfall in amount so reversed by 30th June / take credit of any
excess paid if any and intimate to Superitendent

• The steps as to be undertaken in Option II are as follows:
• Step I: Computation on provisional basis Cenvat credit to be reversed every month
on provisional basis under option II of rule 6(3):
Cenvat credit on inputs and input services used in providing taxable as well as non
taxable services (A).
Cenvat credit on inputs and input services used in providing specifically non taxable
services (B).
Value of Taxable services provided during the preceding financial year (C).
Value of exempted services provided during the preceding financial year (D).
Cenvat credit to be reversed = (A – B) X D .
(C + D)
Rule 6(3)(ii) / (iii)

• Step II: Computation on actual basis Cenvat credit to be adjusted against the Cenvat
credit reversed on provisional basis and determining the balance payable amount or
extra Cenvat available :
Cenvat credit on inputs and input services used in providing taxable as well as non
taxable services (E).
Cenvat credit on inputs and input services used in providing specifically non taxable
services (F).
Value of Taxable services provided during the current financial year (G).
Value of exempted services provided during the current financial year (H).
Cenvat credit to be reversed = (E – F) X H
(G + H)
Rule 6(3) (ii)/ (iii)

• Can Rule 6(2) and 6(3) be availed simultaneously?
• Will Rule 6(3) apply in case of provision of services made against Credit available
under duty Scrips?
- Circular No. 973/7/2013-CX., dated 4-9-2013
Rule 6(3)

Disclaimer
This presentation has been prepared for internal use of ICAI and its members. The contents of this document are
solely for informational purpose. It does not constitute professional advice or a formal recommendation. The
presentation is made with utmost professional caution but in no manner guarantees the content for use by any
person. It is suggested to go through original statute / notification / circular / pronouncements before relying on the
matter given. The presentation is meant for general guidance and no responsibility for loss arising to any person
acting or refraining from acting as a result of any material contained in this presentation will be accepted by us.
Professional advice recommended to be sought before any action or refrainment.
CA Gaurav Gupta
Partner
MGS & Co.
507 B, D-Mall, Netaji Subhash Palace, Delhi - 110034
+91 11 32962487
+91 11 2735 2487
+91 98110 13940
cagauravmgs@gmail.com
Thank you

Practical Discussion on Cenvat Credit Rules

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