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Cenvat on moulds having useful life of 2,3 months.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2016 Purchase of Moulds in the process of manufacturing of TMT Bars, having useful life of 2,3 months. Is Moulds purchased a Capital Asset or Input Goods.
How much CENVAT should be taken 100 % as Input Goods or 50 % as Capital Goods.
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Dipesh

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Dipesh (Expert)
27 April 2016 100 % credit can be taken.
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Rupesh Jain

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Rupesh Jain (Expert)
29 April 2016 can you send traiff number
tarrif 82,84,85, 90 etc are capital goods otherwise you have to take as input raw material
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