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Easy Office

Cenvat credit

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Querist : Anonymous

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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?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
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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