TaxTMI 
TaxTMI 
we are manufacturer of storage system ,if we will manufacture Storage system as Demo Machine that time we liable excise duty anf if applicable so can we cenvat credit 50% in this year and 50% balance next year
Capital Goods
13 Mar 2015 
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Capital goods excise duty treatment: captive use of demo storage systems avoids duty and cenvat credit.
Capital goods treatment for a storage system manufactured as a demo machine depends on use and clearance: retained for captive use within the factory it does not attract excise duty and no cenvat credit arises; if cleared from factory premises as a removal, excise duty is payable and cenvat credit treatment follows removal rules. (AI Summary)
Capital goods treatment for a storage system manufactured as a demo machine depends on use and clearance: retained for captive use within the factory it does not attract excise duty and no cenvat credit arises; if cleared from factory premises as a removal, excise duty is payable and cenvat credit treatment follows removal rules. (AI Summary)