Credit Taken on Machinery Part under Chapter 84 & 85

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..... Credit Taken on Machinery Part under Chapter 84 & 85
Query (Issue) Started By: - MITSUI PRIME Dated:- 8-11-2013 Last Reply Date:- 11-11-2013 Central Excise
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Central Excise
Dear .....

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..... Sir, Good Afternoon if we are buying Machinery Parts from local and Imported vendors under chapter heading 84 & 85 some goods we will going to capitalization under Fixed Assetss in such case we suc .....

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..... h case we can take credit if Machiner part debit to Repair & Maintance and some capitalization. Pl. provide your good suguation Thanks & Regards Arjun Sachdeva Mitsui Prime Reply By PAWAN KUMAR: .....

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..... The Reply: If the subject parts is to be used in repair & maintenance of plant & machines, Cenvat credit would be admissible as per my view. The other machines which you have capitalized as assets, c .....

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..... envat credit would also be admissible.
Discussion Forum - Knowledge Sharing .....

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