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CEN VAT credit on structural platform

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Praveen

Accounts Manager

26 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

Replies (4)

Vijay K. Agrawal

Service

450 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

Geek

Student CA Final

111 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.