CENVAT on Capital Goods
This query is : Resolved
Naga Bharathi
(Querist)
08 June 2011
A company has two Plants, One is Cement Plant produces Exciseable goods & Other is Power plant produces non-exciseable goods. The company is constructing a wagon trippler which is combinedly used by the both the plants.So my Query can the company take entire CENVAT credit paid on Wagon Trippler in the Cement Plant? Can you Refer any case law or rule on this matter?
U S Sharma
(Expert)
20 June 2011
its better to not avail input credit on such items, as in future it will generate lots of litigation for using the same under exempted unit.
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