09 July 2011
Whether a steel manufacturing company whose plant is under construction can claim cenvat credit of Excise & VAT on the purchase of fire clay bricks ? Moreover, VAT credit should be taken for Fly ash bricks or not by the same company.
11 July 2011
No bar in availing Cenvat credit of Excise / VAT on Firebricks (capital goods) during construction period. Appropriate records eg: 23C PartII & Input Credit register, to be maintained as & when Cenvat credit is utilised.
For availing VAT credit on Fly ash bricks, it must be supported by valid duty paid documents.
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