CEN VAT credit on structural platform

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Accounts Manager
40 Points Posted on 29 January 2008

 

Hi,

Can we claim CEN VAT credit on Structural Platform. Previously we have taken credit treat it as part of plant and machinery but now excise department people are objecteing. If we can claim under which chapter it will fall.

Please help me out.

Thankyou.

Regards,

Praveen Kumar.T

 

 

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On 29 January 2008 at 10:21 Report
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Service
608 Points Posted on 30 January 2008
Dear Praveen, you can take credit provided it forms part of Plant and Machinery.also it Depends upon the nature of Industry. can u provide me some details so that i can help. you. pl mark mail on : vijay.agrawal @ acccement.com
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On 30 January 2008 at 14:58
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Student CA Final
107 Points Posted on 04 February 2008
Praveen [/br] [nbsp] You can take credit if structural platform was part of Plant & Machinery. [/br] Rule 2 of Cenvat credit rules, 2004 defines capital goods as the capital goods used in relation to manufacture of final product.
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On 04 February 2008 at 22:15
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Chartered Accountants
1054 Points Posted on 11 February 2008
pl provide the more details as it depends on industry
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On 11 February 2008 at 15:41
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CHARTERED ACCOUNTANT
62 Points Posted on 16 February 2008
CENVAT CREDIT IS AVAILABLE BUT AS INPUT NOT AS CAPITAL GOODS. INPT INCLUDES GOODS USED IN MANUFACTURING OF CAPITAL GOODS.
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On 16 February 2008 at 13:17

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