Utilization of duty paid on capital goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2014 Dear Experts,

We have shifted our registered premises under Excise law to a new location along with raw materials and Capital Goods. During the process we have not complied with procedures as per excise law and dept. collected duty during excise audit on shifting of Capital Goods.

My doubt is,
Can we claim this duty as input in our new premises??
If yes, how much?

Kindly respond, its urgent.

Thanks in advance.

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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14 July 2014 DEAR SIR,
YOU SHOULD RAISE AN INVOICE FROM OLD PREMISES TO NEW PREMISES FOR DUTY AMOUNT ON CAPITAL GOODS WHICH YOU PAID AS PER AUDITORS DEMAND, THEN YOU WILL BE ABLE TO CLAIM CENVAT CREDIT ON YOUR INVOICE IN YOUR NEW PREMISES @ 50% IN CURRENT YEAR AND 50% IN NEXT YEAR IN SAFER SIDE.
THANKS
R.K. GARG
(M.COM. L.L.B.)
[CONSULTANT OF
CENTRAL EXCISE,CUSTOMS AND SERVICE TAX]