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what is cenvat credit expain it
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Answer Posted / chandra kant
CENVAT is nothing but central value added tax which is
basically an input duty relief scheme. CENVAT scheme
is tries to ensure that duty paid on input stage will be
offset against duty payable at the fin al product stage and
thus prevent cascading effect of duty on final products.
| Is This Answer Correct ? | 33 Yes | 21 No |
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