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TMI BlogCenvat credit on input used to manufacture capital goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat credit on input used to manufacture capital goods X X X X Extracts X X X X X X X X Extracts X X X X ..... >Is Cenvat credit permissible on input used to manufacture capital goods ? Reply By Rajesh Nathoo: The Reply: Yes, provided the Capital Goods satisfy the definition of Capital Goods as defined unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Cenvat Credit Rules. Reply By VENKATESHAM MUTA: The Reply: I think 50% of the CENVAT will be utilised in the C.Y. and the remaining will b in next year. Reply By CMA VENKATESHAM MUTA: The Reply: So ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rry, my reply was wrong Reply By PARTHASARATHY V: The Reply: When the machinery manufactured in a factory it will be qualified as Excisable goods and falling under specific tariff heading depending u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pon the name of the machine. You can take Input credit for the machines used, but you have to give declaration under Notification 65/97 for the goods manufactured in in-house and used for manufacture ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of subsequent final product and also the machine manufactured having the exemption benefits as per the notification referred above. It is better to give declaration / intimation under 67/97 you are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proposed to mfg.enjoying the credit.
Reply By PARTHASARATHY V:
The Reply:
Please read the Captive Consumption Notificaiton No.as 67/95 inadvertently typed as 67/97 sorry for the wrong citation. X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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