Cenvat on Forklift Truck

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..... Cenvat on Forklift Truck
Query (Issue) Started By: - sanjay misra Dated:- 29-9-2011 Last Reply Date:- 30-9-2011 Central Excise
Got 3 Replies
Central Excise
Dear Sir We have purchased a f .....

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..... orklift truck for material handling at our manufacturing Unit. can this be a capital goods and can we take cenvat on this forklift truck Sanjay Reply By Sachin Agarwal: The Reply: Dear Sanjay Ji, .....

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..... Forklift truck is not capital goods therefore CENVAT Credit cannot be taken on it as per rule 2 (a) of CENVAT Credit rules, 2004. Thanks Sachin Agarwal Reply By Pradeep Khatri: The Reply: You ca .....

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..... n avail the CENVAT credit on Fork Lift Truck since it has been used in handling of material which is inturn being used in manufacturing of final product. Reply By NEERAJ KUMAR, RANCHI: The Reply: De .....

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..... ar Sanjay Ji Since forklift truck fall in the tariff heading no. 8427 and as per the definition of the capital goods in cenvat credit rules, all goods falling under chapter 84 are allowed as capital .....

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..... goods, so I think that you can take credit on the same.
Discussion Forum - Knowledge Sharing .....

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