Canvat Credit

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....anvat Credit<br> Query (Issue) Started By: - Deepak Birla Dated:- 21-9-2013 Last Reply Date:- 21-9-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>As solar equipment is exempt from excise duty....

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..... Supplies are being made for solar equipments to solar power gneration projects as well as other than solar power generatin projects by a manufacturer. Further as per Rule 6(vii) of CCR, 2004, Cenva....

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....t reversal is not required for input used in solar equipments supllied to Solar power gneration projects Question is whether credit of Excise duty paid on capital goods can be availed? Reply By Pra....

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....deep Khatri: The Reply: If the capital goods are used exclusively for manufacturing of exempted goods, then, CENVAT credit on Capital goods cannot be claimed. Please claim depreciation as per Income ....

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....Tax Provision on such Capital Goods.<br> Discussion Forum - Knowledge Sharing ....