ITC for Excise Act

Physical Control SystemExcise duty on raw material Consumed can be offset from excise duty at the time of issuance
Self Issuance systemExcise duty on purchase of raw material can be offset from excise duty at the time of self-issuance 
Supporting Raw material and packing materialCredit Not Available whether purchased or imported
Lost due to fire, theft, accidentCredit of excise duty paid on such raw materials can be claimed as prescribed.
RM and machinery having custom duty exemptionNot Available
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Physical Control System	Excise duty on raw material Consumed can be offset from excise duty at the time of issuance
Self Issuance system	Excise duty on purchase of raw material can be offset from excise duty at the time of self-issuance
Supporting Raw material and packing material	Credit Not Available whether purchased or imported
Lost due to fire, theft, accident	Credit of excise duty paid on such raw materials can be claimed as prescribed.
RM and machinery having custom duty exemption	Not Available