Cenvat of Excise duty paid on steel used in construction
This query is : Resolved
CA Pramod Jain
(Querist)
02 March 2011
Dear Sir / Madam,
Plz inform whether cenvat credit is allowable of excise duty paid on steel used in construction of a five star hotel.
Plz reply urgently.
Plz inform whether cenvat credit is allowable of excise duty paid on steel used in construction of a five star hotel.
Plz reply urgently.
sandesh mundra
(Expert)
03 March 2011
No it can-not be availed as per instructions given by department.
Also in this budget they have changed the definition of input itself.
Also in this budget they have changed the definition of input itself.
Ashok Asthana
(Expert)
03 March 2011
No. CENVAT credit can be availed ONLY on INPUTS used for manufacturing. Construction is not manufacturing.
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