I am Vel. K. i am working in a steel manufacturing industry. in our factory, we are using " INGOT MOULDS" for manufacturing of M S INGOTS. Were as its is consumbale to us. but excise officers says it should be taken into capital goods. but the problem is that "INGOT MOULD" is become scrap with in 2 to 3 months, and i taken it as (Scrap) rawmaterial, and most important one i cant repair it in my industry.
In this regard i need your advice to account and clarify with excise people.
31 October 2009
Dear its a Capital Goods Items. Use C.I.Mould its Repaireable. its use in verious size so can not use in 3 month. kindly capitalized it.
CAclubindia
