Dear All expert,
We have manufacturing division in Delhir egisterd in excise. we are doing only labeling packing of raw material of motor vehicle part .chapter heading in excise 87089900 ,We have purchase Laser Marking Machine one piece form Ahmedabad invoice bill dated 17.01.2013.bill detail as below :-
Amount = 11,12,500 /-
Excise Duty 12%= 1,33,500 /-
Edu.Cess 2% = 2670 /-
S.H.E.D = 1335 /-
CST = 25000 /-
Total Value = 1275005 /-
Please explain how this capital good will be treated in excise?
how we will take cenvat credit on this capital good?
Please help
Thanks and Regards
Amit Singh