Below 10000 of Capital Goods treated as input

[Asked by Guest]

Dear Sir,

According to 2016-budget cenvat credit Rule-2004 has been amended and according to that below amount of 10000 value of capital Goods we can take credit of 100% i.e as a input.

My query is below 10000 value capital Goods Cenvat Credit we can take credit in our RG-23-A that is input credit Register ot RG-23-C that is Capital Goods Credit Register ?

Regards

Swapneswar Muduli

AI Summary

Capital goods below the specified per piece threshold treated as inputs, permitting full cenvat credit; unit of measure controls eligibility.
Capital goods whose per-piece value falls below a specified threshold may be treated as inputs for Cenvat credit, permitting full credit immediately rather than by instalments; determination is on a per-unit or per-measurement basis. Maintenance of RG-23A and RG-23C is not mandatory-taxpayers can use consolidated Cenvat accounts or internal registers-so credit may be recorded in conventional RG-23 style registers or consolidated accounts provided the classification and quantum are clearly reflected.