Cenvat credit on steel items

This query is : Resolved

NIRAJ (Querist)
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16 August 2013 Sir,
we are from a manufacturing group producing cement. right now our plant is under project and we are getting huge steel materials which are using as support structure or Foundation and some parts are using in fabrication of equipment such as duct, chutes, hopper etc. of which we should have to avail Cenvat credit.
we want to know how to prepare a register or maintain a record so that at the time of audit we can convince auditors that we have taken credit of steel items only which are used in erection and fabrication of equipment and not for support structure and capital goods.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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18 August 2013 You can take the cenvat credit on lying stock and capital goods. You should consult with any professional.

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