Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

CEN VAT credit on structural platform

Praveen (Accounts Manager) (40 Points)

29 January 2008

Hi,

Can we claim CEN VAT credit on Structural Platform. Previously we have taken credit treat it as part of plant and machinery but now excise department people are objecteing. If we can claim under which chapter it will fall.

Please help me out.

Thankyou.

Regards,

Praveen Kumar.T

Reply
Follow
Share

4 Replies

Vijay K. Agrawal (Service) (608 Points)
Replied 30 January 2008

Dear Praveen, you can take credit provided it forms part of Plant and Machinery.also it Depends upon the nature of Industry. can u provide me some details so that i can help. you. pl mark mail on : vijay.agrawal @ acccement.com

Upgrade to CAclubindia Pro. Subscribe Now!

Geek (Student CA Final ) (107 Points)
Replied 04 February 2008

Praveen [/br] [nbsp] You can take credit if structural platform was part of Plant & Machinery. [/br] Rule 2 of Cenvat credit rules, 2004 defines capital goods as the capital goods used in relation to manufacture of final product.