Cenvat credit on capital goods
This query is : Resolved
06 October 2011
A concern is manufacturing Goods both exciseable and at concessional rate of duty from a common Input. May please advice whether CENVAT Credit on Capital Goods is allowable.
Regards
Sanjeev
Regards
Sanjeev
06 October 2011
yes, input credit of cenvat paid on capital goods are allowed
the only case where the assessee does not have liability of payment ( producing exempted goods), where capital goods are not cenvatable.
the only case where the assessee does not have liability of payment ( producing exempted goods), where capital goods are not cenvatable.
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