06 April 2009
Dear Sirs, We are under construction of a new excisable manufacturing unit( Cement plant). During construction period we are using TOR Steel for RCC work And using STEEL PLATES, ANGLE, CHANNEL, BEAMS etc for factory shed & for fitting up of cement machinery. Can we availed CENVAT benefit on TOR STEEL, STEEL PLATES, ANGELS, CHANNELS etc Please provide me case reference etc.
06 April 2009
Excise Paid on all above items are of Capital nature becoz used for capital Asset, you are able to take CENVATE Creidit on above in 2 instalment i-e 50% in current year and remaining in next year
CAclubindia
