AAR: ITC credit for capital goods in parity with other goods, allows credit on demo vehicles

Maharashtra AAR holds the applicant, a dealer of Maruti Suzuki India Limited (manufacturer of motor vehicles) entitled to avail ITC on the inward supply of Motor vehicle used for demonstration purpose; Observes that the applicant is providing trial run to customers to understand the features of the vehicle and the vehicles (demo vehicles) are used in furtherance of business i.e. sale of motor vehicles and further, purchases of such demo vehicles are capitalised in their books...