Credit Taken on Machinery Part under Chapter 84 & 85

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....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 ....

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....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....

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.... 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....

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....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....

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....nvat credit would also be admissible.<br> Discussion Forum - Knowledge Sharing ....