Credit on lab equipments
This query is : Resolved
04 February 2016
dear we are manufacturer of empty capsules, can we take the cenvat credit on laboratory equipments as capital goods
05 February 2016
If the laboratory equipments are covered under the definition of capital goods as provided in CENVAT Credit Rules, 2004 then you can avail CENVAT credit of excise duty. Otherwise it will be treated as inputs, provided it is covered under the definition of inputs provided in CENVAT Credit Rules, 2004.
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