Grinding wheel
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2012
Sir,
Kindly let me know the treatment of Grinding Wheel as per Central Excise Rules.
The grinding wheels are used for grinding iron casting during finishing process of the final product. Although the product is of CONSUMABLE nature it is learnt that as per excise rules it is categorised as CAPITAL GOODS. How can the cenvat be availed in such cases?
Kindly provide the relevant sections & rules and related case law if any.
Thanking You,
Kindly let me know the treatment of Grinding Wheel as per Central Excise Rules.
The grinding wheels are used for grinding iron casting during finishing process of the final product. Although the product is of CONSUMABLE nature it is learnt that as per excise rules it is categorised as CAPITAL GOODS. How can the cenvat be availed in such cases?
Kindly provide the relevant sections & rules and related case law if any.
Thanking You,
CA Lokesh Pokharna
(Expert)
13 July 2012
grinding wheel treated as capital goods in excise , and credit can be taken on it..
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