I would be grateful if somebody could assist me with the following query:
An automobile limited company wants to procure capital equipments for its research and development department. I would like to know if the company can avail CENVAT credit setoff for excise duty paid on these capital equipment purchases.
Thanks!
You can take Cenvat credit on Capital Goods as its use for improve quality of Product manufactured By you.
Thanks Ram! Could you please direct me to the appropriate reference / documentation where this is mentioned?
Thanks again.
Karia Overseas
Ahmedabad
CA
View Details
CMNITY HIRE
New Delhi
Others
View Details
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
CAclubindia
