Cenvat availability - 100% or 50%

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Dear sir, A Mfg. co. mfg. product which falls chapter 84 , if this co. purchase its raw materials which is also under chapter 84, whether Cenvat is available 100 % or 50 % ( as chapter 84 is is for capital goods) Manoj

AI Summary

Manufacturers can claim 100% Cenvat credit on raw materials classified under Chapter 84 as inputs for capital goods. A manufacturing company producing goods under Chapter 84 inquires whether it can claim 100% or 50% Cenvat credit on raw materials also classified under Chapter 84, typically associated with capital goods. The response clarifies that components classified under Chapters 84, 82, 90, etc., are considered inputs for capital goods manufacturers and are eligible for 100% credit under the Cenvat Credit Rules 2004.