We haveAvailment and utilisation of cenvat credit

[BipadBhanjan dixit]

We have installed a plant for manufacturing the excisable dutable goods. Now can we avail and utilise the cenvat credit on angle, channels, plate etc.purchase and consumed for construction, erection, foundation of our plant against our duty liability? Please advise me

AI Summary

Cenvat Credit Ineligibility for Angles, Channels, and Plates Post-2009 Amendment to Rule 2(k) Cenvat Credit Rules A query was raised regarding the eligibility to avail and utilize Cenvat credit for materials like angles, channels, and plates used in constructing and erecting a plant foundation. Two responses were provided. The first response highlighted that, due to an amendment in Rule 2(k) of the Cenvat Credit Rules, 2004, effective from July 7, 2009, such materials are no longer considered inputs eligible for credit. The second response reiterated this change, noting that these materials are excluded from being classified as inputs, although there might be a contentious possibility of treating them as capital goods.