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STORAGE TANK CREDIT

Central Excise - Started By: - SHARMA NARAYAN - Dated:- 6-2-2017 Last Replied Date:- 15-2-2017 - Dear sir.we purchase various storage tankALKALI MEASURING TANK-SMBS DOSING TANKANTI SCALANT DOSING TANKIN CH HEADING 73090090 CAN WE TAKE CENVAT CREDIT IN INPUT OR CAPITAL GOODS - Reply By Rajagopalan Ranganathan - The Reply = Sir, Rule 2 (a) (A) (vii) of cenvat credit rule 2004 defines 'storage tank' as capital goods. Therefore you are eligible to take credit of duty paid on storage tanks as .....

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