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TaxTMI 
Cenvat credit on input used to manufacture capital goods
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....envat credit on input used to manufacture capital goods<br> Query (Issue) Started By: - Vikash Kumar Dated:- 27-8-2015 Last Reply Date:- 31-8-2015 Central Excise<br>Got 5 Replies<br>Central Excise<br>....
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....Is Cenvat credit permissible on input used to manufacture capital goods ? Reply By Rajesh Nathoo: The Reply: Yes, provided the Capital Goods satisfy the definition of Capital Goods as defined under....
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.... Cenvat Credit Rules. Reply By VENKATESHAM MUTA: The Reply: I think 50% of the CENVAT will be utilised in the C.Y. and the remaining will b in next year. Reply By CMA VENKATESHAM MUTA: The Reply: Sor....
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....ry, my reply was wrong Reply By PARTHASARATHY V: The Reply: When the machinery manufactured in a factory it will be qualified as Excisable goods and falling under specific tariff heading depending up....
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....on the name of the machine. You can take Input credit for the machines used, but you have to give declaration under Notification 65/97 for the goods manufactured in in-house and used for manufacture ....
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....of subsequent final product and also the machine manufactured having the exemption benefits as per the notification referred above. It is better to give declaration / intimation under 67/97 you are p....
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....roposed to mfg.enjoying the credit. Reply By PARTHASARATHY V: The Reply: Please read the Captive Consumption Notificaiton No.as 67/95 inadvertently typed as 67/97 sorry for the wrong citation.<br> D....
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