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

[Asked by Guest]

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 on capital goods admissible; phased claim allowed across purchase year and subsequent year.
Cenvat credit is available on a capital good (electric tow truck used as a trolley within manufacturing premises) when deployed for moving raw materials and finished goods, thereby qualifying as an eligible capital good under central excise. Commentators note a compliance practice of phasing the capital credit claim, taking part in the year of purchase and the balance in a subsequent year.