Capital Goods inward entry

[Chandresh Dobariya]

we have purchase an electric motor for machine from the dealer the invoice is excise passon.

entry of this invoice? in which register? What About the cenvat ?

AI Summary

Private Records Required for CENVAT Credit Under Rule 16; Claim in Two Installments for Capital Goods Use A query was raised regarding the entry of an electric motor purchase invoice for excise purposes and the handling of CENVAT credit. Respondents advised that statutory records like RG23A and RG23C are no longer mandatory, but private records must be maintained and intimated to authorities per Rule 16 of the Central Excise Rules, 2002. CENVAT credit on capital goods can be claimed in two equal installments over consecutive financial years, provided the goods are used in manufacturing and no depreciation on the duty portion is claimed. The discussion emphasized the importance of maintaining private records for compliance.