We have availed the credit on UPS batteries which is use for plant.
Harsha
(Chartered Accountant CS (Final))
(227 Points)
Replied 20 September 2010
Yes provided that the plant is used for manufacturing of Dutiable products
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 20 September 2010
Any input which is used in or in relation to the manufacturer of final product within the factory of production is entitle for Cenvat Credit except the items mentioned in Sec 2(K) of the Cenvat Credit Rule 2004.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 05 August 2011
check the sub heading of your item , as it does not fall under catagory of capital goods, so input credit inadmissible.
Ritu Sedwal
(Chartered Accountant)
(407 Points)
Replied 05 August 2011
| Originally posted by : U S Sharma | ||
 |
check the sub heading of your item , as it does not fall under catagory of capital goods, so input credit inadmissible. |
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Yes and if it is capital goods then 50% in the same year and balance in the subsequent year
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 08 August 2011
Batterry falls under 8506. Hence qualifies as capital goods eligible for cenvat credit. 50% in first year and balance in subsequent years
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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