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Excise input for service tax setoff

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(Querist)
22 March 2013 My client is in Customs House Agent business,
that company constructed a Godown to to facilitate warehouse service, I found that on purchase of cement for constructing that godown, the vendor of cement charged excise duty on the cement, can we take the excise duty as input to set off service tax output payable on providing CHA services or that excise duty amount should be capitalized in the cost of constructing that godown? Thanks in advance for answer!
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Rajnish Singh

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Rajnish Singh (Expert)
22 March 2013 excise paid on cement will be come under the head of capital assets and you will take this input in next two financial year. so 50% can be adjusted against service tax payable on CHA Service .

Thanks
Rajnish
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