Capital Goods

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..... Capital Goods
Query (Issue) Started By: - Datta Jadhav Dated:- 13-3-2015 Last Reply Date:- 17-3-2015 Central Excise
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Central Excise
we are manufacturer of storage system ,if we .....

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..... will manufacture Storage system as Demo Machine that time we liable excise duty anf if applicable so can we cenvat credit 50% in this year and 50% balance next year Reply By Naveed S: The Re .....

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..... ply: As storage system being capital goods and used captively, hence no need for payment of exicse duty therefore no question of availment of cenvat credit. However, if it is cleared from factory pr .....

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..... emises, then duty is required to be paid,
Discussion Forum - Knowledge Sharing .....

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