Cenvat on inputs used in making capital goods
This query is : Resolved
20 November 2013
Dear Expert
We have established an industry in which we are not purchasing any machinery but assembling the same captively in our plant and for which we are purchasing the parts of it from different supplier who are charging the excise on the same
Now my question is whether CENVAT can be avail on purchasing the parts of machinery which is being assembled and which is a Capital Good for the Company
We have established an industry in which we are not purchasing any machinery but assembling the same captively in our plant and for which we are purchasing the parts of it from different supplier who are charging the excise on the same
Now my question is whether CENVAT can be avail on purchasing the parts of machinery which is being assembled and which is a Capital Good for the Company
20 November 2013
After registered with excise and if you have to pay duty then you can avail the cenvat credit.
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