CENVAT credit on inputs:

In respect of units availing the benefits of Notification No. 8/2003 (i.e. full exemption), no CENVAT credit is available in respect of inputs upto clearances of ` 150 lakh.

However, CENVAT credit will be available on the inputs used in the manufacture of the specified goods bearing the brand name or trade name of another person, which are ineligible for the grant of SSI exemption.