https://www.taxtmi.com/forum/issue?id=111176 Cenvat credit eligibility turns on classification under the Cenvat Credit Rules, 2004: items falling within the definition of capital goods (notably goods under chapters such as 82, 84 and 85) and their spares/accessories qualify as capital goods credit; items not so covered must be assessed as inputs. A Budget amendment permits treating low-value capital goods as inputs for full credit. The enquirer should map each item to the relevant chapter/classification, determine capital good or input status, and then apply the low-value rule where applicable. en-us Tue, 29 Nov 2016 16:16:57 +0530 Thu, 23 Jan 2025 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111176 Cenvat credit eligibility turns on classification under the Cenvat Credit Rules, 2004: items falling within the definition of capital goods (notably goods under chapters such as 82, 84 and 85) and their spares/accessories qualify as capital goods credit; items not so covered must be assessed as inputs. A Budget amendment permits treating low-value capital goods as inputs for full credit. The enquirer should map each item to the relevant chapter/classification, determine capital good or input status, and then apply the low-value rule where applicable. Discussion-Forum Central Excise Tue, 29 Nov 2016 16:16:57 +0530 https://www.taxtmi.com/forum/issue?id=111176