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Cenvat credit on capital goods

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(Querist)
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
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U S Sharma

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U S Sharma (Expert)
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.

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