cenvat credit

[vasudevan sudharsanam]

a certain company is taking capital goods credit on M.S.Angles, Plates, M.S.Coil.  These items are utilised in their Mill House and Boiling House for machineries as replacement for parts which are worn out.  The Mill House and Boiling House are storage tanks.  Is the credit on capital goods allowable

AI Summary

Company Seeks Clarification on Cenvat Credit Eligibility for M.S. Angles and Coils as Replacement Parts A company seeks clarification on the eligibility of Cenvat credit for capital goods like M.S. Angles, Plates, and M.S. Coil used as replacement parts in their Mill House and Boiling House. One respondent suggests that credit is not admissible based on specific Cenvat Credit Rules and notifications. Another respondent questions this interpretation, arguing that M.S. Coil, as a significant component of a boiler, should qualify for Cenvat credit, and requests further opinions on the matter.