Cenvat recoverable or not
This query is : Resolved
23 April 2016
Dear Sir,
we are going to purchase LED lights for our new plant , and it will be used in whole building , road etc. the chapter heading as per bill is 94. whether it is claimable as capital goods or not.
Manas Dash
we are going to purchase LED lights for our new plant , and it will be used in whole building , road etc. the chapter heading as per bill is 94. whether it is claimable as capital goods or not.
Manas Dash
Gokul Sharma
(Expert)
23 April 2016
chapter heading of 82 84 85 90 6801 and 6802 will be treated as capital goods heading. these can be capitalised under electrical installation but as per excise concerned
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Gokul Sharma
(Expert)
23 April 2016
100 % input can be availed in first year
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Rajannaidu
(Expert)
17 September 2016
Cenvat credit can not be availed on this as these LEDs are not falling under input credit definition.
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