Cenvat Credit
This query is : Resolved
16 March 2009
If Cenvet CRedit is taken on an Item under Capital goods head..Is it necessary that the said item should also be treated as Capital goods in Accounts despite the fact that the said is an Stock item & not a Fixed Assets.
Plse clarify...
Plse clarify...
16 March 2009
Its a practialy treated as consumable stock & should be consumed, no need to capitalized that items.
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