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Eligibility for cenvat credit, Central Excise

Issue Id: - 1333
Dated: 10-7-2009
By:- madhavvan n
Eligibility for cenvat credit

  • Contents

metal furniture purchased for storage of raw material and finished goods whether it is eligible for cenvat credit

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Showing Replies 1 to 2 of 2 Records

1 Dated: 11-7-2009
By:- GANAPATHY RAJENDRAN
IT IS SIMILAR TO STORAGE TANK. HENCE U CAN TAKE CENVAT CREDIT OF 50% IN THE YEAR OF RECEIPT AND BALANCE 50% IN THE SUBSEQUENT FINANCIAL YEAR ( CAPITAL GOODS AS PER DEFINITION )
2 Dated: 12-7-2009
By:- Dinesh Gupta
Yes, the same are eligible for cenvat credit. If they are falling within the chapters specified in rule 2(1) in that case within the category of "Capital Goods" otherwise, within the category of "Inputs"

1

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