CENVAT Credit is available on Cement & Steel for construction of factory shed & structures &RCC Work

This query is : Resolved

Bivas Nag (Querist)
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15 December 2007 Dear Sirs,

Is there anyone please advised me that CENVAT credit is available or not, on Cement & Steel used for construction of Factory Shed, RCC Work & Structures for a new factory, where construction activities are not completed till now and where expenses are till treated as pre-operative expenditure and under heading Work-in-Progress.

Please advise suitably on my e-mail id bivas_kumar@yahoo.com or Mobile 092346-22243

Regards,
Bivas Nag
B.Com, PGDFM, E-MBA (Finance)
Accounts Officer,
INOX Air Products Limited

Shyam Lal Naik

Shyam Lal Naik (Expert)
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15 December 2007 Factory building or like structure are not capital goods for Cenvat Purpose. Hence, Credit for excise duty not available.

However, Service Tax, if any, paid on taxable services for the above purpose will be available as input services.

Bivas Nag

Bivas Nag (Querist)
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17 December 2007 Dear Sir,

Thank You for your query,

Regards

Bivas

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CENVAT Credit is available on Cement & Steel for construction of factory shed & structures &RCC Work

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