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Manufactured storage tank can be claim as capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2016 Sir,

We are in Manufacturer, for additional Storage purposes we fabricated Steel& iron. Manufactured Storage Tank for Own Purposes. for Ease of Manufacturing......

My Doubt is Whether can we avail the Cenvat Bill of Steel and iron used in manufactured of storaged tank..

reply.......

Thanks in ADVANCE........
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
13 September 2016 Yes, you can take the cenvat credit on storage tank as a capital goods.

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