Regarding credit of capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2009
An capital goods item has been purchased and being installed at head office of the company.
whether the CENVAT credit of such capital goods can be taken at factory records as the location of the factory preimise is at other place?
whether the CENVAT credit of such capital goods can be taken at factory records as the location of the factory preimise is at other place?
ANIL JANGID
(Expert)
22 November 2009
cenvat credit on capital goods not applicable because installed at H.O.
The capital goods should be installed at factory to use produce exciseable goods.then you can take the CENVAT credit of such capital good.
cenvat credit on capital goods not applicable because installed at H.O.
The capital goods should be installed at factory to use produce exciseable goods.then you can take the CENVAT credit of such capital good.
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