Dear Experts,
Please give ur openion on below querry;
Oil Seals, O-Rings of Chapter No.40 are eligible to take Cenvat Credit for a manufacturing unit. Can we protest as accessories to Capital Goods.
satya (Executive Excise) (1839 Points)
29 March 2012
Onkar
(Asstt. Audit Officer)
(36 Points)
Replied 31 March 2012
Yes, these items are eligible for credit under Capital good.
Onkar