Cenvat credit on assets purchased for r&d

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Devendra Singh (Querist)
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20 September 2012 Is Cenvat credit available for the assets purchased and used in the scientific research for producing excisable products.

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CA CS Amit S. Kedia (Expert)
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20 September 2012 Yes...Certainly it is available for credit on fulfilling of the conditions prescribed under cenvat credit rules, 2004

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Arbind Aggarwal (Expert)
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06 December 2012 Cenvat Credit is available if the R & D is part of factory premises and used for producing excisable products in the factory.

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