Cenvat Credit on Capital Goods

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..... Dear All, As per Cenvat Credit Rules, 2004 capital goods means the goods falling under chapter 82, 84 , 85 90 and its components, spares and accessories of goods specified at (i) and (ii) . It means, if we procured any components, spares and accessories of goods for the initial goods procured even though it may fall in a different chapter, it is still eligible .....

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..... for Cenvat Credit under the capital goods definition? Please advise... Regards Vikas Anand - Reply By Rajagopalan Ranganathan - The Reply = Sir, Any components, spares and accessories of goods which are parts of the capital goods duty paid on such components, spares and accessories of goods can be availed as capital goods. - Reply By vikas anand - T .....

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..... he Reply = Sir, Even though it may falls in a different chapter and succeeding years for maintenance of Initial goods procured? - Reply By Rajagopalan Ranganathan - The Reply = Sir, The answer to your query is yes. - Reply By Ganeshan Kalyani - The Reply = Yes the credit is eligible. - Reply By KASTURI SETHI - The Reply = I support the views of both experts. - Reply By Mahir S - The Rep .....

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..... ly = Yes , the views expressed above are correct. - Reply By YAGAY AND SUN - The Reply = Yes, it is settled legal position that CENVAT credit shall be available on the components, spares and accessories of the capital goods of any C.E.Tariff Head. - Reply By Ganeshan Kalyani - The Reply = Yes the credit is eligible. - Cenvat Credit on Capital Goods - Query Started By: - vikas anand Dated:- .....

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..... 19-1-2017 Service Tax - Got 8 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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