Storage racks installed in factory - credit admisible?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2012
Dear Sir,
Factory has installed storage racks in factory warehouse. Racks are used for keeping raw material and finished goods.
Chapter heading is 94, 73.
As per my knowledge the above excise chapters are not falling under capital goods definiation. Therefore credit is not eligible.
Any anyboday give case law or other details related to this.
with regards,
maruti
Dear Sir,
Factory has installed storage racks in factory warehouse. Racks are used for keeping raw material and finished goods.
Chapter heading is 94, 73.
As per my knowledge the above excise chapters are not falling under capital goods definiation. Therefore credit is not eligible.
Any anyboday give case law or other details related to this.
with regards,
maruti
30 August 2012
not admissible, they are not a part of compulsary machine used for production.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2013
Dear Sir,
These are not compulsary machines but without these industry cannot operate.
I think this has to takeup with F.M. so that industry will get cenvat credit.
Regards,
maruti
These are not compulsary machines but without these industry cannot operate.
I think this has to takeup with F.M. so that industry will get cenvat credit.
Regards,
maruti
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