Cenvat Credit of steel materials such as angle, channel, plates etc, used for making support structure of plant machinery under the Cenvat Credit rules

[BipadBhanjan dixit]

Use of Angle, channel , plates(chapater heading 72) within plant for making support structure of machinery of DRI plant, SMS plant. Whether Cenvat Credit is allowable u/r 2(a) of the CENVAT CREDIT Rules,( chapter heading 84) in between the period from 01-01-2016 to 30-06-2017. If answer is affirmative, please clarify with justification ,sir (s).

AI Summary

Eligibility of Cenvat Credit for Steel Materials in Plant Machinery Construction Under Cenvat Credit Rules Discussed A discussion on the eligibility of Cenvat Credit for steel materials like angles, channels, and plates used in constructing support structures for plant machinery under the Cenvat Credit Rules. The query focuses on whether credit is allowable for the period from January 1, 2016, to June 30, 2017. Responses indicate that there are favorable case laws supporting the allowance of such credit, citing specific decisions from the CESTAT Allahabad and other legal precedents. An advocate concurs, affirming the eligibility of Cenvat Credit for these materials in setting up plant and machinery.