- All goods falling under chapters 82, 84, 85, 90, heading 6805, grinding wheels and the like, and parts thereof falling under heading 6804 of the First Schedule to Central Excise Tariff Act
- Pollution control equipment
- Components, spares and accessories of the goods specified at clauses (1) and (2) above
- Moulds and dies, jigs and fixtures
- Refractories and refractory materials
- Tubes and pipes and fittings thereof; and
- Storage tank and
- Motor vehicles other than those falling under tariff headings 8702, 8703, 8704, 8711 and their chassis), but including dumpers and tippers, used-
- in the factory of the manufacturer of the final products, but does not include any equipment or appliance used in an office; or
- (1A) Outside the factory of the manufacturer of the final products for generation of electricity for captive use within the factory; or
- (2) for providing output service,
- Providing an output service of renting of such motor vehicle or
- Transportation of inputs and capital goods used for providing an output service or
- Providing an output service of courier agency
- Motor vehicles for the transport of ten or more persons including the driver as specified under tariff heading 8702;
- Motor cars and other motor vehicles principally designed for the transport of persons(other than those of tariff item 8702) including station wagons and racing cars other than those as specified under tariff heading 8703;
- Motor vehicles for the transport of goods as specified under tariff heading 8704. It includes three-wheeled motor vehicle, dumper, lorry, truck etc.
- Motorcycles (including mopeds) and cycles fitted with an auxiliary motor with or without side cars as specified under tariff heading 8711;
Only 50 % cenvat credit can be claimed in first year : As per Rule 4(2)(a) of CCR 2004, the CENVAT credit in respect of capital goods received in the premises of the service provider who provides taxable services, shall be taken for an amount not exceeding 50% of the duty paid on such capital goods in the same financial year and the balance in the subsequent financial year if the capital goods are in possession of such service provider.
The criterion as to possession would not apply to components, spares,accessories, refractories and refractory materials, moulds, dies and goods falling under heading 6805, grinding wheels and the like, and parts thereof falling under heading 6804 of First Schedule of Central Excise Tariff Act. Moreover, in case the capital goods are cleared as such in the same financial year of its purchase), then balance credit can be claimed, and subsequently entire credit needs to be reversed.
Presently credit on goods can be taken only after they are brought to the premises of the service provider. Sub-rules 4(1) and 4(2) have been amended to allow credit without bringing them into premises subject to due documentation regarding their delivery and location. This is subject to maintenance of documentary evidence of delivery and location of the inputs.
Rule 4(2) is amended to state that the CENVAT credit would be allowed even on capital goods which are received outside the factory by a service provider and also available to the manufacturer provided they are used for generation of electricity for captive use in factory.