Cenvat credit on material used for fabrication

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Indirect Tax
167 Points Joined July 2007

Hi Friends

I need a information ...can ny one can say ..whether we can avail cenvat credit on material use for fabrication  of  machinery  which   is used for manufaturing final product .

a) if it is regular fabrication

b) if it is  one time fabrication.

 

If u have ny reference of decided case then it will be much useful.

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On 28 February 2008 at 15:18 Report
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Chartered Accountant
117 Points Joined January 2008
If yor final manufactured product is taxable, then tax paid on fabrication of machinery (input service) can be availed. thak you
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On 28 February 2008 at 18:39
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Gen. Manager - Indirect Taxation
3451 Points Joined October 2007
Yes it is an input and addition to the machinery which will assist in manufacturing, provided your final goods are subject to excise duty and or service tax
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On 28 February 2008 at 20:16


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