Cenvat credit

331 views 1 replies

lucky

article

65 Points Joined February 2014

As per CBEC circular no.943/04/2011-CX , dated 29-4-2011, goods such as furniture and stationery used in office within the factory are considered inputs ( as they have relation to mfg) and credit is allowed... . .. my query - so does all equipments , appliances used in office within factory are considered inputs, or just furniture and stationery.

Replies (1)

Sameer

252 Points Joined March 2009

Goods which have direct nexus to process of manufacturing would be eligible as CENVAT credit, office equipments etc are not allowed as inputs and it will be disallowed during the couse of excise audit. Hence do not take risk.....