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Cenvat on Diesel Genrator Set for Mfg.co.

Ravindra (Accounts Manager) (64 Points)

21 June 2010

Dear Sir,

We are the manufacturing company. We have purchased a Diesel Genrator set for our compnay. Which is going to be used for manufacturing as well as office. I would like to know whether we can avail the cenvat credit under capital goods purchase.

Pl help.

Ravindra

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3 Replies

SIVASIVA (FCA, Future CA) (4935 Points)
Replied 21 June 2010

ofcourse

Ajay Raghatate (Sr Executive (Excise & Accounts)) (736 Points)
Replied 22 June 2010

If u are using for manufacturing, then you can take credit, if you are using for office, then you can not take credit.

Plz read following-

2. Definitions. - In these rules, unless the context otherwise requires,-
(a) "capital goods" means:-
(A) the following goods, namely:-
(i) all goods falling under Chapter 82, Chapter 84, Chapter 85, Chapter 90, heading No. 68.05 grinding wheels and the like, and parts thereof falling under heading 6804 of the First Schedule to the Excise Tariff Act;
(ii) pollution control equipment;
(iii) components, spares and accessories of the goods specified at (i) and (ii);
(iv) moulds and dies, jigs and fixtures;
(v) refractories and refractory materials;
(vi) tubes and pipes and fittings thereof; and
(vii) storage tank,
used-
(1) in the factory of the manufacturer of the final products, but does not include any equipment or appliance used in an office; or
(2) for providing output service;

(B) motor vehicle registered in the name of provider of output service for providing taxable service as specified in sub-clauses (f), (n), (o), (zr), (zzp), (zzt) and (zzw) of clause (105) of section 65 of the Finance Act;