cenvat credit

[SHARMA NARAYAN]

Dear sir,

Can we take cenvat credit on Reinforcement Steel which is used in for preparion of Stack (Chimni) we can not take credit on cement i am sure about that but what about reinforcement steel & structure steel use for structure and plant and machinery.

AI Summary

Debate on CENVAT Credit Eligibility for Reinforcement Steel in Chimney Construction Under Rule 2(k) of 2004 Rules A discussion on a forum addressed the eligibility of claiming CENVAT credit on reinforcement steel used in constructing a chimney. One participant cited Rule 2(k) of the Cenvat Credit Rules, 2004, arguing that such materials are excluded from CENVAT credit as they are used in constructing civil structures. Another participant countered, suggesting that since the chimney is essential and considered capital goods, the steel should qualify for credit. They referenced a Supreme Court decision supporting CENVAT credit on steel items based on their use. A third participant agreed with the initial view, maintaining ineligibility for credit.