CENVAT CREDIT - URGENT

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As per explanation to Rule 2(k) defining the term Input, the term input shall include all goods used for manufacture of capital goods in the factory of production except cement, Steel, TMT Bars, CTD and Angles used in construction of factory building, shed or foundation for capital goods or any structure to support capital goods.


Does it mean that CENVAT is available on cement or TMT used in construction of capital goods as such. for e.g., cement used in rotary kiln construction or construction of pollution control equipment? Since the cement is used to build capital goods as such and not just to support capital goods

Replies (3)

Yes Sir, the cement used in construction of capital goods i.e rotary kiln construction or construction of pollution control equipment as per your example will be trated as input an accordingly, CENVAT credit will be available on the cement.

 

God Bless!

Can we Take CENVAT credit of all banking charges except Interest ? Can we get CENVAT credit of Last year debited Bank Charges?

In case you are using the cement as raw material for manufacturing any item, you can avail CENVAT CREDIT with justification

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