Cenvat credit on assets purchased for r&d
This query is : Resolved
Devendra Singh
(Querist)
20 September 2012
Is Cenvat credit available for the assets purchased and used in the scientific research for producing excisable products.
THANKS
THANKS
CA CS Amit S. Kedia
(Expert)
20 September 2012
Yes...Certainly it is available for credit on fulfilling of the conditions prescribed under cenvat credit rules, 2004
Message likes :
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Arbind Aggarwal
(Expert)
06 December 2012
Cenvat Credit is available if the R & D is part of factory premises and used for producing excisable products in the factory.
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