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what is cenvat credit expain it
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Answer Posted / pooja verma
CENVAT is nothing but central value added tax which is
basically an input duty relief scheme. CENVAT scheme
istries to ensure that duty paid on input stage is offset
against duty payable at the fin al product stage and thus
prevent cascading effect of duty on final products.
| Is This Answer Correct ? | 87 Yes | 18 No |
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