7/8/2015

CenvatCreditRulesfromscratchExciseArticles

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CenvatCreditRulesfromscratch
SaurabhMaheshwari(../profile.asp?member_id=703777)
on21October2013

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Beforewebegin:

Hellofriends!Greetingsofthedaytoallofyou.InthisarticlewewillbediscussingsomebasicconceptsinCenvatcreditRules,2004
CenvatCreditRulesisreallyoneofthemostimportanttopicnotonlyfromexamviewbutalsoinpracticallifeandnoneedtosaythat
mostofthelitigationsinexciseandSTisonasinglequestionwhetherCenvatcreditcanbeclaimedornot?Thistopicisalsothemost
interestingtopicinindirecttaxes

ThisarticleiswrittenkeepinginmindallbeginnerslikemeandIhavetriedmybesttodiscusstheconceptscomprehensivelybackedby
suitableexamplesbelievethatitwillbeusefulforyou

Q1WhatisCenvatCredit?

AnsThewordCENVATCreditiscomposedoftwowordsCENVATandCredit,whereCENVATmeansCentralExciseDutyorServiceTax
andalsoCustomduty(inafewcases)

Creditmeansasubsequentclaimofsetoffofsomethingpaidearlier.Therefore,CenvatcreditmeanscreditofST/exciseand
customs(additionalduty)paidonpurchaseofinputs,inputservicesandcapitalgoods..suchcreditcanbeused/utilized/setoffagainst
ST/excisepayableonclearanceofmanufacturedproductsandrenderingofservices

ForInstanceBataIndiaLtd.ashoemanufacturingco.usetheleatherasrawmaterialwhichispurchasedwithexcisedutyaschargedby
supplier.Bataalsousestheservicesoffashiondesignerstomakefashionableshoes,thusitpaidSTonbillsraisedbyfashion
designers.NowBataLtdmanufacturedshoesandwanttoclearthesamefromfactory,inthatcaseBataLtdliabletopayexciseduty

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onmanufacturedshoes..suchexcisedutycanbepaidbyutilizingthecreditofinputexciseandinputSTaspaidandstillifanything
leftunpaidthesametobepaidincash..

Q2HowCenvatCreditisdifferentfromModvatCredit?

Ans2InfactCenvatistherefinedversionofModvat.inModvatsystemyoucantakecreditofinputexciseagainstoutputexcise.but
youcannotclaimcreditofinputservicetaxagainstoutputservicetaxoragainstoutputexcise..Inshortservicesectorwasnot
integratedincreditsystem..

Butin2004ModvatCreditRuleswererepealed(withdrawn)byintroductionofCenvatCreditRules,2004..UnderCenvatsystem,you
cantakethecreditofbothinputexciseandinputSTtopayoutputexciseortopayoutputST.thatswhyCenvatsystemisalsotermed
asCrosssectionalcreditsystem.

So,obviouslyCenvatisfarbetterthanModvat

SpecialNote:(ButifyouhavenotedthatstillmanycompaniesareinfactrecordingCenvatbythenameofModvat.aurtohaurhapne
taxAuditform3CDkaclauseNo.22(a)hidekhlijiyewahabhiModvathimilegajokireallymeinCenvathih:)

Q3WhatisthescopeofCenvatcredit?

Ans3AsperRule3(1)ofCenvatCreditRules(CCR),2004creditoffollowinginputtaxordutiespaidonpurchaseofinputs(rawmat.),
inputservicesandcapitalgoodscanbeclaimedsubjecttospecificrestrictionsasprovidedinRules:

a.ExcisedutyorServicetaxorSpecial/Additionaldutyofcustoms(CVD)chargeableu/3(1)orSec3(5)ofofCustomsTariffAct(CTA),
1975canbeclaimedasCenvatCredit.

b.ButhereitisimportanttonotethatasperProvisotoRule3(1)ofCenvatCreditRules,2004thecreditofadditional/specialcustom
duty(CVD)aspaidunderSec3(5)ofCTA,1975cannotbeclaimedbyaserviceprovidertopayoutputSTorexcise.however
manufacturercanclaimthesametopayoutputexcise.

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Q4WeknowthatCenvatcreditcanbetakenofExcise,STorAdditionalcustoms,asthecasemaybe,paidoninputsorinput
servicesorcapitalgoods?...Soexplainhowtoidentifythatwhatqualifiesasinputs,inputservsandcapitalgoods?

(https://www.facebook.com/sharer/sharer.php?

u=http%3A%2F%2Fwww%2Ecaclubindia%2Ecom%2Farticles%2Fcenvat%2Dcredit%2Drules%2Dfrom%2Dscratch%2D%2D18668%2Easp%3Futm%

(https://twitter.com/intent/tweet?
Ans4A)Inputs:Simplywecancallasrawmaterial.
url=http%3A%2F%2Fwww%2Ecaclubindia%2Ecom%2Farticles%2Fcenvat%2Dcredit%2Drules%2Dfrom%2Dscratch%2D%2D18668%2Easp%3Futm%

Credit
(https://plus.google.com/share?

Rules
url=http%3A%2F%2Fwww%2Ecaclubindia%2Ecom%2Farticles%2Fcenvat%2Dcredit%2Drules%2Dfrom%2Dscratch%2D%2D18668%2Easp%3Futm%

from AsperRule2(k)ofCCR,2004,Inputsmeansandincludesthefollowing:
(https://www.linkedin.com/shareArticle?
scratch
url=http%3A%2F%2Fwww%2Ecaclubindia%2Ecom%2Farticles%2Fcenvat%2Dcredit%2Drules%2Dfrom%2Dscratch%2D%2D18668%2Easp%3Futm%

Excise)
i)Allgoodsusedinfactorybymanufacturerformanufacturingfinalproductsandalsoincludesgoodsusedbyserviceprovidertoprovide
outputservice.(serviceprovidercanusethesameevenoutsidetheservicestation/premises)

ii)Inputalsoincludegoodsusedforgenerationofelectricityorsteamforuseinfactory(captiveconsumption)inputsmaybeused
outsidethefactoryi.e.atelectricityplantsitebutelectricity/steamtobeusedinfactoryonly)

iii)AllaccessoriesclearedalongwithfinalproductprovidedthevalueofthesameisincludedinthevalueofFinalproduct

ForInstance:ColgateLimitedmanufacturetoothpastebutclearthetoothpasteinpackedboxwithafreetoothbrushattachedtherewith
butinrealitythesameisnotatallfreebecausethevalueofsameisincludedintheMRPofpasteitselfandthustoothbrushqualify
asinputs:)

(http://www.caclubindia.com/coaching/default.asp)

iv)Anygoodsusedforprovidingfreewarranty(aftersaleservices)

(B)InputServices:Inputservicesmeansandincludethefollowing:

i)Anyserviceusedbyproviderofoutputservicetoprovidethesame
ii)Anyserviceusedwhetherdirectlyorindirectlyinorinrelationto:

manufactureoffinalproductsand

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clearanceoffinalproductsuptoplaceofremovalandnotbeyondthat.

(Whereplaceofremoval=factoryorwarehouseorinsomecasespremisesofconsigneeifgoodsweresoldthroughconsigneeSee
Sec4(3)(c)ofCentExAct,1944)

iii)Inputservicesalsoincludethese18serviceslistedbelow(Inclusiveclause)

These18servicesareeligibleasinputserviceforbothmanufacturerandserviceproviderandtheseservicesarealwaysdeemedtobe
useformanufacturing/serviceoperation

1.Modernization/repairs&maintenanceoffactoryorservicestation/premises
2.AdvertisementorSalesPromotion..
3.MarketResearch
4.Storageuptoplaceofremoval
5.Procurementofinputs
6.Accounting
7.Auditing
8.Financing
9.Recruitment&Qualitycontrol
10.Caoching&training
11.Computernetworking
12.creditrating
13.shareregistry
14.Security
15.Businessexhibition
16.legalservices

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17.inwardtransportation
18.outwardtransportationuptoplaceofremovallistthodilambihogayina

Theabove18servicescanberememberedbyrememberingthese3sentences:

(Inbrackettheservicesserialno.hasbeenindicated)

1.Advertisement(2)inmodern(1)factorytostore(4)theprocuredinputs(5)sothattherequality(9)couldbemaintainedandthe
accountant(6)mayeasilyaudit/verify(7)thestock.
2.UsingSecurity(14)andlegalservices(16)togetsharesregistered(13)therebygettinggoodcreditrating(14)whichwouldhelpin
financingbybanks(8)
3.Remaining6servicestobecrammed(SeepointNo.3,10,11,15,17&18)

(C)Capitalgoods:Capitalgoodsmeansandincludethefollowing:

i)AllgoodsspecifiedunderFirstScheduleofCentralEx.TariffAct(CETA),1985
(Likemachineries,boilers,varioustools,sparepartsandaccessoriesofvariousequipmentsandinstruments)

ii)Pollutioncontrolequipment

iii)mouldsanddies,jigsandfixtures:

a.mouldacontainerusedtodesignliquidindesiredshape
b.diesadevice/equipmentforcuttingmetals
c.jigsadevicethatguidesthetoolsusedinanymanufacturingprocess

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d.fixturesapieceofequipmentwhichisinfixedposition

iv)refractoriesandrefractorymaterialswhererefractorymeansliningconsistingofmaterialswithahighmeltingpointusedtolinethe
insidewallsofafurnace

v)tubes,pipesandtheirfittings

vi)storagetanksand

vii)Motorvehicles(otherthanmeantfortransportofgoodsorpersons.butincludingdumpers,tippers,cranesandloaderusedfor
handlingofmachineriesetc.)

However,Motorvehiclesusedfortransportofgoodsshallbecapitalgoodsforthoseserviceproviderswhoareusingthesameas:

1.Forrentingthemotorvehiclesandthesameareusedbylesseeinhisgoodstransportbusiness

2.Fortransportationofinputsandothercapitalgoodsinconnectionwithrenderingofoutputservices

Example:UniqueTechnoSales&Serviceisusingitstruckstocarrysparepartsandmachineriesatthepremisesofitscustomerwhere
therepairsandmaintenanceservicesarebeingprovided,andthenthetruckswillqualifyascapitalgoodsforUniqueSales&Service

3.Forprovidingcourieragencyservicessotrucks,temposusedbyFirstFlightcourierswillqualifyascapitalgoodsforit.

Further,Motorvehiclesusedfortransportofpassengerswillqualifyascapitalgoodsforthefollowingserviceprovidersusingthesame
as:

1.Fortransportationofpassengers

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2.Forrentingthemotorvehicle.soifIownsomebusesandgivethesameonhirethenthesamewillqualifyascapitalgoodsforme.
3.Impartingmotordrivingtraining

Q5Wehavediscussedwhatisinputandinputservicessonowdiscusswhichrawmaterialsorserviceswhichseemsas
inputorinputservicesbutactualthesamearespecificallyexcluded?

AnsFollowingarenotinputs(AsperExplanationstoSec2(k)

1.LightdieselOil,HighspeedOilorPetrol

2.Capitalgoodsexceptwhenusedaspartsinmanufactureofafinalproduct(sayveryheavymachineries)

3.Motorvehicles..insomecasesmotorvehiclesarenotcapitalgoods(SeeAns4)somanymanufacturersstartedtotreatthesameas
inputsforclaimingCenvatcreditsoforthesameitwasclarifiedthatinnocasemotorvehicleswillqualifyasinputs

4.AnygoodsusedforpersonalconsumptionofemployeessoifpackeddryfruitsgiftedtoemployeesontheoccasionofDiwaliwillnot
qualifyasinputssoexcisedutychargedbyUrminProductsLtd(Supplier)cannotbeclaimedasCenvatcredit:)

5.Anygoodsusedfor:

a.Constructionorexecutionofworkscontractofabuildingoritspart
b.Layingoffoundationforsupportofcapitalgoods

ForInstance:WiproLtd.usingbricks,cementforconstructingafactorybuildingthenthesamewillnotqualifyasinputforWiproLtd
andthereforeWiproLtdcannotclaimthecreditofexcise

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However,ifWiproLtdhassignedacontactwithNiddhiConstructiontoconstructthebuildingthenM/sNiddhiConstructioncanclaimthe
creditofexcisepaidoncement,bricksandaccordinglydischargeitsSTliabilitybyutilizingthecredit..

(Point5insertedw.e.fApr1,2012tooverrulethejudgmentofCustoms,Ex.AndSTAppellateTribunal(CESTAT),NewDelhiinthecase
ofOberoiMallvsCommissionerofCentralExcise.thankgodtheamendmentwasnotretrospective)

6.Anygoodswhichhavenorelationwiththemanufacturingoffinalproductorprovidingoutputservicecannotbeconsideredasinput.

FollowingarenotinputservicesasperExplanationstoSec2(l):

1.ConstructionorWorkscontractservicescontinuingwiththeexampleinpoint4(above)WiproLtdasperagreementwithM/sNiddhi
ConstructionpaidthecontractedpricewithSTasapplicablenowitsamilliondollarquestionthatwhtherWiproLtdcanclaimthecredit
ofthatST.

TheanswerisNO.WiproLtdwhetherselfconstructorsignacontractinbothcasesnoCenvatcredit.

(Thispointalsoinsertedw.e.fApr1,2012tooverrulethejudgmentofCustoms,Ex.AndSTAppellateTribunal(CESTAT),NewDelhiin
thecaseofOberoiMallvsCommissionerofCentralExcise)

2.Inputservicesexcludesserviceofgeneralinsurance,repairs&maintenanceinrelationtomotorvehicleswhicharenotcapitalgoods
[asperRule2(a)Seeabove]

Butcreditisavailabletomanufacturerforinsurance,repairs&maintenanceofmotorvehiclesmanufacturedbyhimSoHeroMotocorp
canclaimthecreditofbikesinsuredwithNationalInsuranceco,..butsayRelianceIndustriesinsureditsmotorvehicles,thenReliance
cannotclaimcreditassuch..

3.InputservicesrelatedtohiringofmotorvehiclescannotbeclaimedascreditifthemotorvehiclesarenotcapitalgoodsasperRule
2(a).

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ForInstance:RelianceIndustrieshiringsometempossothattherawmaterialscouldbebroughttofactoryfromsuppliersgodown.in
thatcasetemposwillnotqualifyascapitalgoodsthereforehiringservicestakenbyRelianceisnotinputservicesandthereforecreditof
STpaidwithhiringchargescannotbeclaimed

4.Serviceesusedprimarilyforpersonalconsumptionofemployeeslikehealthservices,beautytreatment,lifeinsurance,travel
benefits(notforbusinesspurpose)etc.arealsoexcludedfromthedefinitionofinputservices

Withthiswefinishthediscussionhereonly,theremainingconceptswillbediscussedinnextarticlesverysoon..SoGoodBye.:)

Thanksforyourreading.
Foranyfeedbacks,queriesandcommentsfeelfreetomailme.

WithWarmRegards
SaurabhMaheshwari
CAFinalStudent
Emailsaurabhchokhra92@gmail.com

Thewilltowin,thedesiretosucceedandtheurgetoreachyourfullpotentialthesearethekeysthatwillunlockthedoorsofyou
excellence.

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RecentComments
Total:55

Login(../user_login.asp) topostcomment

Himanshu(../profile.asp?member_id=707472)28March2015

#veryusefulandprecise.keepposting

Kavya.M(../profile.asp?member_id=995847)04March2015

Iwasabletounderstandtheconceptthoroughlythanku...

gauravchandila(../profile.asp?member_id=1333322)20January2015

foraindividualhavingatenthousebusiness,whethercreditcanbetakenforpurchaseoftrucks(capital
goods).cantruckscanbeincludedinthedefinitionofcapitalgoodseligibleforcredit.

ShowmoreComments

ViewAllComments::55

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