Credit on lab equipments

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vishal (Querist)
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04 February 2016 dear we are manufacturer of empty capsules, can we take the cenvat credit on laboratory equipments as capital goods

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 February 2016 If the laboratory equipments are covered under the definition of capital goods as provided in CENVAT Credit Rules, 2004 then you can avail CENVAT credit of excise duty. Otherwise it will be treated as inputs, provided it is covered under the definition of inputs provided in CENVAT Credit Rules, 2004.

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