CREDIT ELIGIBLE FOR CAPITAL GOODS UNDER CENTRAL EXCISE RULE 2(A)

[manan pandya]

dear experts,

credit of capital goods (HSN. 84279000 ELECTRIC TOW TRUCK) can be taken , we are using it as a trolley , carry the material from one place to another place in the manufacturing premises.. like carry raw material , semi finished goods , finished goods etc. nothing it's more role ..

pls. do the needful ...

regards,

manan

AI Summary

CENVAT Credit Allowed for Electric Tow Truck Used in Manufacturing Under Central Excise Rule 2(A), Split Over Two Years. An individual inquired whether credit for capital goods, specifically an electric tow truck used as a trolley within manufacturing premises, is permissible under Central Excise Rule 2(A). An expert confirmed that CENVAT credit is admissible. Another expert agreed and added that the credit should be taken half in the purchase year and the remainder in the following year. The inquirer expressed gratitude for the guidance provided by the experts.