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what is cenvat credit expain it
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Answer Posted / amol
CENVAT - Central Value Added Tax
These are related to central excise.
CENVAT means, Tax on Value Addition on the goods
manufactured according to Central Excise & Customs Act
Difinition. Here the value addition means the Additional
Services/Activities etc. which converts the Input in to
Output, and the output is newly recognised as per the this
act as Exciseble goods. Like this the discussion
is goes on for definition.
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