CENVAT CREDIT
This query is : Resolved
DEVKANT AGARWAL
(Querist)
02 June 2010
DEAR CLGS
WHAT METHOD TO DEFINE THAT A PARTICULAR CENVAT CREDIT IS TAKEN AS CAPITAL GOODS OR INPUTS.
IS THAT IT DEPENDS ON CHAPTER HEADINGS OR OTHERWISE?
THANKS
WHAT METHOD TO DEFINE THAT A PARTICULAR CENVAT CREDIT IS TAKEN AS CAPITAL GOODS OR INPUTS.
IS THAT IT DEPENDS ON CHAPTER HEADINGS OR OTHERWISE?
THANKS
Madhukar N Hiregange
(Expert)
03 June 2010
Please see deifntion in cenvat credit rules.
Capital goods under chapter 82,84,85 90 ++ some more
Inputs all goods ( including capital goods ) other than HSD, ptrol + some others.
Capital goods under chapter 82,84,85 90 ++ some more
Inputs all goods ( including capital goods ) other than HSD, ptrol + some others.
DEVKANT AGARWAL
(Querist)
03 June 2010
OK
But if a machinery items purchased covering chapter no. 68, should we enter into C-II or A-II. OR We enter into A-II and when a particular machine is fabricated or installed then we trf. to C-II. The excise auditor takes the differ view.
thanks
But if a machinery items purchased covering chapter no. 68, should we enter into C-II or A-II. OR We enter into A-II and when a particular machine is fabricated or installed then we trf. to C-II. The excise auditor takes the differ view.
thanks
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