TaxTMI 
TaxTMI 
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 ?
Capital Goods inward entry
10 Sep 2011 
4 Replies 
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Cenvat credit on capital goods allowed in equal installments across consecutive years, subject to use in manufacture and depreciation rules.
Private records may replace statutory RG23 registers for capital goods entry, with required intimation to authorities; Cenvat credit on capital goods is claimable in equal installments across consecutive financial years provided the goods are used in manufacture of final products and depreciation on the duty portion has not been claimed. (AI Summary)
Private records may replace statutory RG23 registers for capital goods entry, with required intimation to authorities; Cenvat credit on capital goods is claimable in equal installments across consecutive financial years provided the goods are used in manufacture of final products and depreciation on the duty portion has not been claimed. (AI Summary)