Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2015
WEATHER CENVAT CREDIT ALLOWED ON OIL USE IN MACHINERY WHICH IS REQUIRED IN EVERY 2 OR 2.5 YRS
IF CC ALLOWED THEN CAPITALISE AS CONSUMABLE OR NOT?
IF CC ALLOWED THEN CAPITALISE AS CONSUMABLE OR NOT?
27 November 2015
You can take the cenvat credit on oil used in the machinery but excludes light diesel oil, high speed diesel oil or motor spirit, commonly known as petrol.
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