VESSSELS TANK

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..... VESSSELS TANK
Query (Issue) Started By: - SHARMA NARAYAN Dated:- 7-3-2017 Last Reply Date:- 7-3-2017 Central Excise
Got 2 Replies
Central Excise
Dear sir, we received vessel tank under c .....

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..... h heading 73090040 can we take credit under Part-II C Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Rule 2 (a) (A) (vii) of Cenvat Credit Rules, 2004, 'storage tank' is a .....

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..... capital goods and you can avail the credit of duty paid on such tanks at the rate of 50% in the first year of procurement and the remaining 50% can be taken during any of remaining years. Reply By YA .....

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..... GAY AND SUN: The Reply: If you have just received it but not purchased it then Service Tax would be chargeable. It is settled legal position.
Discussion Forum - Knowledge Sharing .....

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