TaxTMI 
TaxTMI 
Dear sir,
we are using ms plate channel beam angel sheets for making storage tank in our factory premises material is purchase by is directly so can we take cenvat credit in RG23A PART-II C
CENVAT CREDIT ON MS PLATE CHANNEL
23 Jan 2017 
5 Replies 
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Cenvat credit on inputs used to make a storage tank depends on capital good status and the tank's movability.
CENVAT credit on steel inputs used to construct a storage tank depends on whether the tank is a capital good or goods consumed in construction excluded by Rule 2(k)(B). If the tank is a movable capital good, inputs may be credited in the inputs register and duty on the manufactured tank treated in the capital goods register; if immovable and non-excisable, inputs are reflected in the capital goods register without duty on the tank. Conflicting authorities and the movability/marketability test determine treatment. (AI Summary)
CENVAT credit on steel inputs used to construct a storage tank depends on whether the tank is a capital good or goods consumed in construction excluded by Rule 2(k)(B). If the tank is a movable capital good, inputs may be credited in the inputs register and duty on the manufactured tank treated in the capital goods register; if immovable and non-excisable, inputs are reflected in the capital goods register without duty on the tank. Conflicting authorities and the movability/marketability test determine treatment. (AI Summary)