Examples of CENVAT in a sentence
Arch will claim CENVAT on all the materials/services, wherever applicable and any benefit which may be available to or obtained by Arch pertaining to CENVAT or otherwise shall be taken into account while computing the Product Transfer Price under Section 1.1.
CENVAT receivables in respect of payments made for the October 2016 spectrum awards, net of any element of the amount which has been formally disputed by the relevant authorities;(f).
Accordingly, upon the Scheme becoming effective, with effect from the Appointed Date, the Transferee Company, if required, is expressly permitted to revise its sales tax returns, VAT returns, excise, service tax returns, CENVAT returns and other tax returns, and to claim refunds and/or credits, pursuant to the provisions of this Scheme.
With effect from the Appointed Date in accordance with the CENVAT Credit Rules 2004 framed under the Central Excise Act, 1944 as are prevalent at the time of sanction of the Scheme, the CENVAT Credit including the service tax credits lying un-utilised in the Transferor Company shall stand transferred to the Transferee Company as if the same were the CENVAT credit utilized in the Transferee Company’s accounts.
It is declared that the transfer of the CENVAT Credit including for service tax credits stands allowed as stock of inputs as such or in process, including capital goods and service tax paid for the input services are also transferred by the Transferor Company to the Transferee Company.
The Transferee Company is also expressly permitted to claim refunds, credits, including restoration of input CENVAT credit, tax deductions in respect of nullifying of any transaction between or amongst the Transferor Company and the Transferee Company, as provided under clause 11.7 supra.