Capital Goods

[atul gangwar]

Whether Dumper (HEMM) used in coal industry for loading and unloading of coal from collery to dispatch place , are Capital Goods or not? if yes then in which code of excise.

AI Summary

Debate on Dumpers as Capital Goods Under Central Excise: CENVAT Credit Eligibility and Definition Clarification Sought. A query was raised regarding whether dumpers used in the coal industry for loading and unloading qualify as capital goods under Central Excise regulations. One respondent explained that since June 22, 2010, dumpers registered under certain taxable services are considered capital goods. Another respondent argued that under the CENVAT Credit Rules, 2004, dumpers do not qualify as capital goods, disallowing CENVAT credit. However, he suggested advocating for a change in the definition, as dumpers are directly related to the manufacturing process and the final product is subject to excise duty.