TaxTMI 
TaxTMI 
Cenvat Credit on Capital Goods
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....envat Credit on Capital Goods<br> Query (Issue) Started By: - vikas anand Dated:- 19-1-2017 Last Reply Date:- 23-1-2017 Service Tax<br>Got 8 Replies<br>Service Tax<br>Dear All, As per Cenvat Credit Rules, 2004 capital goods means the goods falling under chapter 82, 84, 85 & 90 and its components, spares and accessories of goods specified at (i) and (ii). It means, if we procured any components, ....
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....spares and accessories of goods for the initial goods procured even though it may fall in a different chapter, it is still eligible for Cenvat Credit under the capital goods definition? Please advise... Regards Vikas Anand Reply By Rajagopalan Ranganathan: The Reply: Sir, Any components, spares and accessories of goods which are parts of the capital goods duty paid on such components, spare....
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....s and accessories of goods can be availed as capital goods. Reply By vikas anand: The Reply: Sir, Even though it may falls in a different chapter and succeeding years for maintenance of Initial goods procured? Reply By Rajagopalan Ranganathan: The Reply: Sir, The answer to your query is yes. Reply By Ganeshan Kalyani: The Reply: Yes the credit is eligible. Reply By KASTURI SETHI: The Rep....
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....ly: I support the views of both experts. Reply By Mahir S: The Reply: Yes , the views expressed above are correct. Reply By YAGAY AND SUN: The Reply: Yes, it is settled legal position that CENVAT credit shall be available on the components, spares and accessories of the capital goods of any C.E.Tariff Head. Reply By Ganeshan Kalyani: The Reply: Yes the credit is eligible.<br> Discussion For....
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