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Central Excise - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

CENVAT credit - Once a storage tank and pollution control ...


Assessees can claim CENVAT credit for duties on raw materials used in capital goods, even if immovable.

May 26, 2017

Case Laws     Central Excise     AT

CENVAT credit - Once a storage tank and pollution control equipment constitutes capital goods and any raw material purchased for construction of those goods, the duty paid could be utilized as a cenvat credit by the assessee notwithstanding the fact that the storage tank is an immovable property. - AT

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