https://www.taxtmi.com/forum/issue?id=111466 Storage tanks are classified as capital goods under Rule 2(a)(A)(vii) of the CENVAT Credit Rules, 2004, enabling CENVAT credit of duty paid on such tanks. Credit must be availed in staged instalments: an initial instalment must be taken within the Rule specified period from the purchase invoice, with the remaining instalment(s) claimable in subsequent year(s). en-us Mon, 06 Feb 2017 11:19:50 +0530 Thu, 23 Jan 2025 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111466 Storage tanks are classified as capital goods under Rule 2(a)(A)(vii) of the CENVAT Credit Rules, 2004, enabling CENVAT credit of duty paid on such tanks. Credit must be availed in staged instalments: an initial instalment must be taken within the Rule specified period from the purchase invoice, with the remaining instalment(s) claimable in subsequent year(s). Discussion-Forum Central Excise Mon, 06 Feb 2017 11:19:50 +0530 https://www.taxtmi.com/forum/issue?id=111466