CENVAT definition
Examples of CENVAT in a sentence
CONTRACTOR shall provide all the necessary certificates / documents for enabling CORPORATION to avail Input tax credit including CENVAT credit benefits in respect of the payments of VAT, GST etc.
Payment towards the components of VAT, GST etc shall be released by CORPORATION only against appropriate documents i.e. tax invoice/Bill of entry for availing input tax credit including CENVAT credit (as applicable).
Bid shall be evaluated as per evaluation criteria mentioned in Section-II (BEC and Award Methodology) of bidding documents after considering the effect of cenvatable GST wherever the work Centre is entitled to avail CENVAT credit.
Cost of inventories comprises of all cost of purchase including duties and taxes other than credits under CENVAT and is arrived on First in First out basis.
Important information at a glance.20.3 All Bills/ Invoices should be raised in triplicate in the name of Managing Director, West Bengal Medical Services Corporation Limited.20.4 CENVAT / Deemed Export benefit if enjoyed by the tenderer shall be passed on to WBMSCL.
CENVAT Credit: - In case CCL is eligible for CENVAT Credit, at the time of evaluation of tenders to arrive the lowest landed rate quoted, the amount of Excise Duty including education Cess towards CENVAT credit will be deducted from the landed cost for evaluation of tender and for deciding the L1 status.
Fixed Assets are stated at cost net of MODVAT / CENVAT and includes amounts added on revaluation, less accumulated depreciation.
CCL will avail CENVAT credit on purchases of various admissible inputs and capital goods.
All relevant documents (including invoice, CENVAT documents, test certificates etc.) should be submitted for processing the payment at the delivery location.
In such case, CENVAT is available to buyer if invoice is in name of dealer but name of buyer is shown as consignee.