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Cenvat credit on capital goods

This query is : Resolved 

06 October 2011 A concern is manufacturing Goods both exciseable and at concessional rate of duty from a common Input. May please advice whether CENVAT Credit on Capital Goods is allowable.

Regards

Sanjeev

06 October 2011 yes, input credit of cenvat paid on capital goods are allowed

the only case where the assessee does not have liability of payment ( producing exempted goods), where capital goods are not cenvatable.



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