availing cenvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 is it possible to avail & utilise cenvat credit in RG 23A& RG 23C during the exempted period of goods?

2.Is it possible to avail the cenvat credit in RG 23c during the constrcution of capital Asset?

S.P.Mahanta

S.P.Mahanta (Expert)
Follow

03 July 2011 No Cenvat Credit available on inputs / capital goods during period of goods being exempted fron whole of excise duty or being nil duty. However,receipt of inputs / capital goods may be entered in RG 23A/RG23C for record as well for availment of Cenvat Credit when goods become dutiable.
2) No bar in availing Cenvat credit in RG 23C during construction period of capital asset, subject to rule 4(2)(a) & (b) of CCR'2004.
Units enjoying SSI status can avail 100% Cenvat Credit in first year itself

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Leena Rachh

RISHI LATTA

Dhananjay Singh

shubham agrawal

N N V Satish

Subscribe Now

availing cenvat

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

Senior execiutive

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant