CENVAT
This query is : Resolved
22 January 2010
Can we take the CENVAT credit on R&D (reserch & Development)Equipment(capital Goods)Please guid us w/relevant notification/Circular.
26 January 2010
Your query does not provide complete and relevant facts. Cenvat credit of capital goods can be used if such goods are used in relation to manufacture of excisable goods or used in providing taxable services. If these conditions are fulfilled, Cenvat credit could be available, subject to compliance of the other conditions.
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