03 April 2011
You can take cenvat credit of opening stock input and that should be use in final product after registration. pla must maintain you submit nil. you can take cenvat credit but it should come under defination under capital goods definition. 2) Define “capital goods”
“Capital goods” means
i) all goods falling under Chapter 82, Chapter 84, Chapter 85, Chapter 90, Chapter Heading No. 68.02 and Chapter sub-heading No. 6801.10 of the First Schedule to the Central Excise Tariff Act, 1985;
ii) Pollution Control Equipments;
iii) Components, spares and accessories of the goods specified at (i) and (ii) above;
iv) Moulds and dies;
v) Refractories and refractory materials;
vi) Tubes and pipes and fittings thereof and
vii) Storage tank
used in the factory of the manufacturer of the final products but does not include any equipment or appliance used in an office. (Rule 2).
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