Cenvat Credit
This query is : Resolved
Laxman Bajaj
(Querist)
19 June 2009
Dear Sir
Can we take cenvat credit on immovable properties?
Can we take cenvat credit on immovable properties?
CA.SHAHZAD SAYYED
(Expert)
19 June 2009
Dear Laxman
Excise is not levied on immovable Goods so u can not take the CENVAT credit on immovable Goods
However there is only one Exception...
in case of STORAGE TANK which is used in factory for in or in relation to manufacturing of excisable goods
Excise is not levied on immovable Goods so u can not take the CENVAT credit on immovable Goods
However there is only one Exception...
in case of STORAGE TANK which is used in factory for in or in relation to manufacturing of excisable goods
CMA Ankur Pandey
(Expert)
19 June 2009
only storage tank is permitted
Laxman Bajaj
(Querist)
20 June 2009
Thank you sir's ....
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