Misuse of CENVAT Credit on capital goods - availing of CENVAT Credit on towers and parts thereof such as angles, channels, Beam of steel etc., and prefabricated shelter/PUF panels by cellular phone service providers

Misuse of CENVAT Credit on capital goods - availing of CENVAT Credit on towers and parts thereof such as angles, channels, Beam of steel etc., and prefabricated shelter/PUF panels by cellular phone service providers - reg. https://www.taxtmi.com/circulars?id=4300 CENVAT credit on structural materials used for erecting towers and on prefabricated shelters/PUF panels used to house equipment is not available to telecom service providers because such goods form part of civil structures, are attached to the earth and are not excisable goods; consequently, irregularly availed credit must be recovered expeditiously within the current financial year and reporting of recovery difficulties must be made to the Board. en-us Tue, 26 Feb 2008 00:00:00 +0530 Thu, 05 Jan 2012 18:36:00 +0530 TaxTMI RSS Generator Misuse of CENVAT Credit on capital goods - availing of CENVAT Credit on towers and parts thereof such as angles, channels, Beam of steel etc., and prefabricated shelter/PUF panels by cellular phone service providers - reg. https://www.taxtmi.com/circulars?id=4300 CENVAT credit on structural materials used for erecting towers and on prefabricated shelters/PUF panels used to house equipment is not available to telecom service providers because such goods form part of civil structures, are attached to the earth and are not excisable goods; consequently, irregularly availed credit must be recovered expeditiously within the current financial year and reporting of recovery difficulties must be made to the Board. Circulars Service Tax Tue, 26 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4300