https://www.taxtmi.com/article/detailed?id=5951 Definition of capital goods under Rule 2(a) is limited to specified items (selected tariff chapters, moulds and dies, refractories, tubes and pipes, storage tanks, pollution control equipment, certain motor vehicles and their components) and their components, spares and accessories; office equipment is excluded. Cenvat credit on such capital goods is available only when used in the manufacturer's factory (excluding office appliances), outside the factory for captive power generation for the factory, or for providing output services; motor vehicles and their components have specific permitted service uses. Balance sheet capitalization does not determine capital goods status for Cenvat credit. en-us Thu, 18 Dec 2014 06:13:41 +0530 Thu, 18 Dec 2014 06:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5951 Definition of capital goods under Rule 2(a) is limited to specified items (selected tariff chapters, moulds and dies, refractories, tubes and pipes, storage tanks, pollution control equipment, certain motor vehicles and their components) and their components, spares and accessories; office equipment is excluded. Cenvat credit on such capital goods is available only when used in the manufacturer's factory (excluding office appliances), outside the factory for captive power generation for the factory, or for providing output services; motor vehicles and their components have specific permitted service uses. Balance sheet capitalization does not determine capital goods status for Cenvat credit. Articles Cenvat Credit Thu, 18 Dec 2014 06:13:41 +0530 https://www.taxtmi.com/article/detailed?id=5951