In case you are a manufacturer or service provider registered with Central Board of Excise & Customs, you can avail benefit of input credit of Excise duty on your purchases from us against our CENVAT invoice.
Central Value Added Tax (CENVAT) is a substitute for the earlier Modified Value Added Tax (MODVAT) scheme. Central Excise is a Tax for Value Addition on the goods manufactured. The CENVAT scheme is relief to the Final manufacturers of goods by availing credit of excise duty charged on the input materials.
Also, provider of taxable service are allowed to avail credit of excise duty as well as of service tax paid on any input received in the factory or any input service tax on job work or services received by manufacturer of final product.