8208 chapter item eligible for cenvat

745 views 1 replies

Dear Sir(s),

My doubt is 8208 chapter is eligible for Cenvat Credit taking purpose, because "KNIFES" are very essential for our manufacturing process, indirectly (as accessories), please clarify that , the said item is eligible under CAPITAL GOODS or INPUTS?

Thanks in advance.

Replies (1)

look into your accounting policies, if such items are capitalized and have life for more than accounting year, then go for capital goods credit, otherwise you are set free to avail the credit as input. 

 

 


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