AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Credit Taken on Machinery Part under Chapter 84 & 85
X X X X Extracts X X X X
X X X X Extracts X X X X
....redit Taken on Machinery Part under Chapter 84 & 85<br> Query (Issue) Started By: - MITSUI PRIME Dated:- 8-11-2013 Last Reply Date:- 11-11-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Sir, Good Afternoon if we are buying Machinery Parts from local and Imported vendors under chapter heading 84 & 85 some goods we will going to capitalization under Fixed Assetss in such case we such....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... case we can take credit if Machiner part debit to Repair & Maintance and some capitalization. Pl. provide your good suguation Thanks & Regards Arjun Sachdeva Mitsui Prime Reply By PAWAN KUMAR: T....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he Reply: If the subject parts is to be used in repair & maintenance of plant & machines, Cenvat credit would be admissible as per my view. The other machines which you have capitalized as assets, ce....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nvat credit would also be admissible.<br> Discussion Forum - Knowledge Sharing ....