Cenvat credit on r & d items
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2012
Dear Experts,
Please explain the provisions regarding admissibility of cenvat credit on Research & Development items.
Please explain the provisions regarding admissibility of cenvat credit on Research & Development items.
12 December 2012
If the R&D is for improvement of a existing product line which is subject to excise and taxable then the input credit can be availed on the same. In the case of capital goods, also it is no problem but when it comes to service you should ensure it satisfies the definition under 2(l) of cenvat credit rules
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