Dear Sr, We are a manufacturing unit we are doing a forging activity we have Bogie Furnace for heat treatment and other activity we have purchase Tray casting for our Furnace under chapter heading 73259920 my question is shall i take the cenvat benifit for that Tray cating the name of the Excisable goods is Casting & casting articles of Alloy Steel under chapter heading 73259920 we have use that tray for heat treatment and other activity job in the furnace please tell me shall we take the cnevat in capital goods.
Cenvat credit
Guest
Eligibility of Cenvat Credit Claim for Tray Casting in Bogie Furnace Under Chapter Heading 73259920 in Question A manufacturing unit engaged in forging activities inquired about the eligibility to claim Cenvat credit for a tray casting used in a Bogie Furnace for heat treatment. The tray casting is classified under chapter heading 73259920 as 'Casting & casting articles of Alloy Steel.' The respondent, Surender Gupta, indicated that the query requires detailed analysis and study to determine the eligibility for Cenvat credit as capital goods. (AI Summary)
TaxTMI
TaxTMI