Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2012
Dear Sir, / Madam
We have purchase Beam, Plates,Channel for our Plant and Machinery.
I would like ask you can we take Excise credit for capital goods of above mention items.
please reply
We have purchase Beam, Plates,Channel for our Plant and Machinery.
I would like ask you can we take Excise credit for capital goods of above mention items.
please reply
28 April 2012
No. It is specifically excluded from the definition of inputs.
05 May 2012
Notification no 16/2009 dt 7th july'2009 excludes referred items from definition of inputs.This view has been upheld by CESTAT (LB) in Vandana Global vs CCE also.
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