Admissibility of credit on capital goods limited to excisable items used in the factory; foundation and building materials excluded. Admissibility of credit on capital goods is limited to items that are excisable goods falling within the capital goods definition and used in the manufacturer's factory. Inputs qualify for credit only if covered by the input definition and used in or integrally connected with actual manufacture. Credit on inputs used to make capital goods is allowed when those capital goods are used in the factory, but excludes materials used for laying foundations, constructing sheds or support structures (e.g., cement, steel sections) and excludes inputs used for repair and maintenance; the cited amendment is retrospective.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Admissibility of credit on capital goods limited to excisable items used in the factory; foundation and building materials excluded.
Admissibility of credit on capital goods is limited to items that are excisable goods falling within the capital goods definition and used in the manufacturer's factory. Inputs qualify for credit only if covered by the input definition and used in or integrally connected with actual manufacture. Credit on inputs used to make capital goods is allowed when those capital goods are used in the factory, but excludes materials used for laying foundations, constructing sheds or support structures (e.g., cement, steel sections) and excludes inputs used for repair and maintenance; the cited amendment is retrospective.
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