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Cenvat Credit

This query is : Resolved 
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(Querist)
19 June 2009 Dear Sir

Can we take cenvat credit on immovable properties?
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CA.SHAHZAD SAYYED

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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
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CMA Ankur Pandey

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CMA Ankur Pandey (Expert)
19 June 2009 only storage tank is permitted
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Laxman Bajaj

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Laxman Bajaj (Querist)
20 June 2009 Thank you sir's ....
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