Cenvat on inputs used in capital goods

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CA Husain Saifee

CA Husain Saifee (Querist)
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17 June 2013 Dear Experts,
My query is whether inputs used in making Capital Goods is eligible for CENVAT Credit or not

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 June 2013 Cenvat (Central Value Added Tax) Credit is available of excise duty paid on input goods and service tax paid on input services and excise duty paid on capital goods.

¨ Instant Credit i.e. Cenvat credit of excise duty paid on input goods and service tax paid on input services is available immediately on receipt of goods or services without waiting for its consumption.

MORE INFO:

http://www.dateyvs.com/service-tax/cenvat-credit-and-service-tax/cenvat-credit-on-input-services-and-goods/