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cenvat credit, Central Excise |
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cenvat credit |
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a certain company is taking capital goods credit on M.S.Angles, Plates, M.S.Coil. These items are utilised in their Mill House and Boiling House for machineries as replacement for parts which are worn out. The Mill House and Boiling House are storage tanks. Is the credit on capital goods allowable Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Please refer the Rule 2(a) & (k) for defination of Cenvat Credit Rules 2004 ( also refer to the NTF. NO. 16/2009-CE. (N.T.), DT. 07/07/2009 & Notification No 3/2011-CE.NT dated 01.03.2011) The Credit of duty on MS Angle Plates Coils is not admissible.
D/ SIRS: M.S COIL WILL B USED AS COMPONENT ( IT WILL BE A BIG SIZE/ VALUE / UTILITY COMPONENT OF BOILER. SHOULD IT NOT BE ELIGIBLE FOR CENVAT ? REQUEST YR VIEWS.
THNX/ B.B.PUROHIT Page: 1 Old Query - New Comments are closed. |
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