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| This query is : Resolved
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Author : Anonymous
( Author )
14 April 2010
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Is there is any time limit for utilisation of Cenvat Credit received on Input and Capital Goods
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sachin alwadhi
( Expert )
14 April 2010
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yes,for input immediately and capital goods 50% in current year&50% in next financial year.
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CA. BIJENDER KR. BANSAL
( Expert )
14 April 2010
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Excise credit on input can be taken immediatley and on capital goods, it is 50% in current year and 50% in next finanical year.
But there is no limit on utilization of cenvat credit. You can utilize it any time as and when you required it.
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sachin alwadhi
( Expert )
15 April 2010
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yes agree with MR.bansal.because there is differences between take and utilisation.
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Author : Anonymous
( Author )
24 May 2010
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Thanks
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