Last updated on APRIL 18, 2016
Applies to:Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.
Looking for Solution for CENVAT Create Change in regards to below Notification/Rule "(ii) the value of such capital goods is upto ten thousand rupees per piece;"
Notification No. 13/2016- Central Excise (N.T.) --->2. In the CENVAT Credit Rules, 2004 (hereinafter referred to as the said rules), in rule 2,---->(iv) for item ( C), the following item shall be substituted, namely:-
―(C) capital goods, except when,-
(i) used as parts or components in the manufacture of a final product; or
(ii) the value of such capital goods is upto ten thousand rupees per piece;
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