TaxTMI 
TaxTMI 
Dear Sir,
How can i classified the Materials between Raw Materials & Capital Goods.
Karuppasamy
9894193415
Capital Goods
15 Sep 2016 
6 Replies 
8701 Views Asked by
Capital goods classification determines CENVAT credit eligibility for equipment versus inputs incorporated into finished goods.
Capital goods for CENVAT credit are specified categories of equipment and their components (such as machinery, pollution control equipment, moulds and dies, refractories, tubes, storage tanks, and certain motor vehicles) when used in the factory, for captive generation/pumping or for providing output service; other materials consumed in manufacture are inputs/raw materials. Definitions for other fiscal or regulatory regimes may vary and should be checked separately. (AI Summary)
Capital goods for CENVAT credit are specified categories of equipment and their components (such as machinery, pollution control equipment, moulds and dies, refractories, tubes, storage tanks, and certain motor vehicles) when used in the factory, for captive generation/pumping or for providing output service; other materials consumed in manufacture are inputs/raw materials. Definitions for other fiscal or regulatory regimes may vary and should be checked separately. (AI Summary)