Manufactured storage tank can be claim as capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2016
Sir,
We are in Manufacturer, for additional Storage purposes we fabricated Steel& iron. Manufactured Storage Tank for Own Purposes. for Ease of Manufacturing......
My Doubt is Whether can we avail the Cenvat Bill of Steel and iron used in manufactured of storaged tank..
reply.......
Thanks in ADVANCE........
We are in Manufacturer, for additional Storage purposes we fabricated Steel& iron. Manufactured Storage Tank for Own Purposes. for Ease of Manufacturing......
My Doubt is Whether can we avail the Cenvat Bill of Steel and iron used in manufactured of storaged tank..
reply.......
Thanks in ADVANCE........
Arun Kumar Singh
(Expert)
13 September 2016
Yes, you can take the cenvat credit on storage tank as a capital goods.
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