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Cenvat credit on steel and cemant for expansion of existing plant, Central Excise |
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Cenvat credit on steel and cemant for expansion of existing plant |
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A huge expansion of existing plant has started amounting to Rs 1000 Crores. The Company shall procure huge quantity of steel, Cement etc.
Can the Company avail the Cenvat Credit involved in these Purchases???
The Material in question relate to Expansion programme only.
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Sir, For the expansion of your plant what ever the material relates to structure and building are not treated as Capital Goods as per the Central Excise Rules, hence you can not avail the Central excise duty on purchasing of these materials. Thanks.
You can not avail the cenvat credit on steel or cement
Page: 1 Old Query - New Comments are closed. |
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