TMI BlogVESSSELS TANKX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, we received vessel tank under ch heading 73090040 can we take credit under Part-II C - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Rule 2 (a) (A) (vii ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) of Cenvat Credit Rules, 2004 , 'storage tank' is a 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 remaini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 50% can be taken during any of remaining years. - Reply By YAGAY AND SUN - The Reply = If you have just received it but not purchased it then Service Tax would be chargeable. It is settled lega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l position. - VESSSELS TANK - Query Started By: - SHARMA NARAYAN Dated:- 7-3-2017 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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