Shall i claim cenvat credit on Tube light fittings tariff no 94052090 under capital goods and UPVC pipes tariff no : 39172390 for water pipeline for garden works under and other admin purpose within the factory under capital goods ?
03 December 2014
Definition of Capital Input given under rule 2(a) of cenvat Credit rules is exhaustive i.e. items mentioned in this definition can be allowed to take cenvat credit and all other items will not allowed for capital input.
Therefore, both items are not eligible for Capital input within the meaning of Cenvat credit Rules, 2004
Any alternative to claim cenvat on goods which are not covered under capital goods .ours is a paint manfg company and we have not started production yet(under constrection).
CAclubindia
