Racks Used for Storing Terry Towels Qualify as Capital Goods, Allowing CENVAT Credit for Procurement Costs.

Racks Used for Storing Terry Towels Qualify as Capital Goods, Allowing CENVAT Credit for Procurement Costs. https://www.taxtmi.com/highlights?id=17825 Denial of CENVAT Credit - whether racks are capital goods - Procurement of “racks” for storage of the final products, terry towels, packed in cartons before removal/dispatch - credit allowed - AT en-us Mon, 24 Mar 2014 15:05:26 +0530 Mon, 24 Mar 2014 15:05:26 +0530 TaxTMI RSS Generator Racks Used for Storing Terry Towels Qualify as Capital Goods, Allowing CENVAT Credit for Procurement Costs. https://www.taxtmi.com/highlights?id=17825 Denial of CENVAT Credit - whether racks are capital goods - Procurement of “racks” for storage of the final products, terry towels, packed in cartons before removal/dispatch - credit allowed - AT Highlights Central Excise Mon, 24 Mar 2014 15:05:26 +0530 https://www.taxtmi.com/highlights?id=17825