Legal Question in Tax Law in India

Under CENVAT credit scheme on capital goods, the main equipment [Chapter 72 or 73] is not covered under CENVAT on capital goods, but subsequently we have received spares / parts for the that equipment in difference chapter headings. Are we elegible for CENVAT credit under parts / components for capital goods meant for above equipment?


Asked on 2/01/12, 9:53 pm

1 Answer from Attorneys

The parts and components in such case can be treated as INPUTS and the CENVAT atributed to them can be taken and availed.

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Answered on 2/04/12, 1:22 am


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