Cenvat credit
This query is : Resolved
Gourav Goyal
(Querist)
09 July 2011
Whether a steel manufacturing company whose plant is under construction can claim cenvat credit of Excise & VAT on the purchase of fire clay bricks ? Moreover, VAT credit should be taken for Fly ash bricks or not by the same company.
Require urgent reply..
Require urgent reply..
S.P.Mahanta
(Expert)
11 July 2011
No bar in availing Cenvat credit of Excise / VAT on Firebricks (capital goods) during construction period. Appropriate records eg: 23C PartII & Input Credit register, to be maintained as & when Cenvat credit is utilised.
For availing VAT credit on Fly ash bricks, it must be supported by valid duty paid documents.
For availing VAT credit on Fly ash bricks, it must be supported by valid duty paid documents.
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