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,
13 July 2012
grinding wheel treated as capital goods in excise , and credit can be taken on it..
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
