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Issue ID : 110636
- 0 -

CREDIT ELIGIBLE FOR CAPITAL GOODS UNDER CENTRAL EXCISE RULE 2(A)

Date 14 Jul 2016
Replies5 Answers
Views 1307 Views
Asked By

dear experts,

credit of capital goods (HSN. 84279000 ELECTRIC TOW TRUCK) can be taken , we are using it as a trolley , carry the material from one place to another place in the manufacturing premises.. like carry raw material , semi finished goods , finished goods etc. nothing it's more role ..

pls. do the needful ...

regards,

manan

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- 0
Replied on Jul 14, 2016
1.

dear sir,

cenvat credit is admissible on this.

- 0
Replied on Jul 14, 2016
2.

I endorse the view of Sh.Pawan Kumar, an expert.

- 0
Replied on Jul 14, 2016
3.

Sir, in addition to the views of the experts I would like to submit that Capital Cenvat credit should be taken half in the year in which it is purchased and balance in subsequent year. Thanks.

- 0
Replied on Jul 14, 2016
4.

Yes. You are right Sir.

- 0
Replied on Jul 15, 2016
5.

thank you so much to all experts,

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