Request to guide.
This query is : Resolved
25 June 2013
Dear Sir,
We are excise registered automotive parts & bearing manufacturer.To meet our customer requirement one testing equipment is develop by us.Cenvat credit against this equipment purchase can treat as a input or capital goods ? Please advice.
Second thing this equipment we have to remove to testing agency and it will be permanently lying with them than which removal process of excise we should have to follow ?
If possible,an answer with notification no.is highly appreciated.
Thanks,
R.J.Dave.
We are excise registered automotive parts & bearing manufacturer.To meet our customer requirement one testing equipment is develop by us.Cenvat credit against this equipment purchase can treat as a input or capital goods ? Please advice.
Second thing this equipment we have to remove to testing agency and it will be permanently lying with them than which removal process of excise we should have to follow ?
If possible,an answer with notification no.is highly appreciated.
Thanks,
R.J.Dave.
25 June 2013
If products will fall under chapter heading 82, 84, 85 and 90 then it will be capital goods other wise input. Any taxable goods will be removed from factory duty will be payable on it.
Message likes :
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26 June 2013
Dear Mr.Singh
Thanks for your reply.
Regards,
R.J.Dave.
Thanks for your reply.
Regards,
R.J.Dave.
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