Excise Credit On Capital Goods..
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2011
How to avail the Credit of Excise Duty Paid on goods which falls under the defination of Capital Goods as per Rule 2. Though the same are not Capital Goods for the manufacturer. E.g Goods falling under chapter 82 is Capital Goods as per Rule 2 but the manufacturer is using it as other consumable. Do he has take credit of duty considering same as Capital Goods or he can take credit considering as Raw Material or Other Consumables for further production.
14 July 2011
the restriction of capital goods is only for specified goods, so that the assesee does not take input credit of goods other than specified in capital goods
for cenvat credit as input whole CETA is open including the definition of capital goods, so there is no bar to use the items defined in capital goods as inputs and avail cenvat credit
for cenvat credit as input whole CETA is open including the definition of capital goods, so there is no bar to use the items defined in capital goods as inputs and avail cenvat credit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Form 121 & TDS deduction
- Value of property in capital gain
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
