CENVAT CREDIT on CApital goods
This query is : Resolved
11 November 2009
There r lot of rules regarding cenvat credit on inputs when they r used for excisable as well as non excisable goods. But what about the machinery used on the one production line which is common for excisable as well as non excisable goods. What r the provisions regarding the above aspect?
CA Ravi Sisodia
(Expert)
11 November 2009
cenvat credit divide on the basis of use.
no. of units or machine hours will be base for calculating use of machine for excisable and non-excisable goods. for that information register should be kept/mationed by company.
no. of units or machine hours will be base for calculating use of machine for excisable and non-excisable goods. for that information register should be kept/mationed by company.
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