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Cenvate on transformer

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(Querist)
28 December 2012 DEAR SIR

WE ARE MFG PVT LTD. CO. REGISTERD IN EXCISE, WE HAVE PURCHASED A TRANSFORMER DUE TO INCREASING OUR ELECTRICITY LOAD. SO I WANT TO KNOW CAN I AVAIL CENVATE ON THIS.

THANKS & REGARDS
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CA Ilayaraja

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CA Ilayaraja (Expert)
28 December 2012 Yes u can avail cenvat credit on transformer. but only 50% in this financial year and remaining 50% at any time in the future.

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