https://www.taxtmi.com/forum/issue?id=111295 Eligibility to claim Cenvat Credit depends on the statutory classification of goods rather than accounting capitalization; goods not meeting the definition of Capital Goods cannot be converted into capital goods for credit simply by capitalising them. For imported and indigenously procured items the treatment of duty components differs and claiming credit based solely on accounting practice may invite future denial. en-us Sun, 01 Jan 2017 11:21:42 +0530 Thu, 23 Jan 2025 15:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111295 Eligibility to claim Cenvat Credit depends on the statutory classification of goods rather than accounting capitalization; goods not meeting the definition of Capital Goods cannot be converted into capital goods for credit simply by capitalising them. For imported and indigenously procured items the treatment of duty components differs and claiming credit based solely on accounting practice may invite future denial. Discussion-Forum Central Excise Sun, 01 Jan 2017 11:21:42 +0530 https://www.taxtmi.com/forum/issue?id=111295