We are a manufacturing company , and product is Aluminium foils. Recently we have purchased Transformer for Power utility. Pls clarify , whether we can avail Cenvat credit for the same. Also let me clarify in which group we can capitalise the Transformer.
1 Replies
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 21 September 2013
If you are paying the excise duty on final product then you can avail the cenvat credit on capital goods like transformer.
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