Cenvat credit..
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2012
Dear Experts,
we are in manufacturing unit and getting Central Excise registration for the same. which we have received after one month date of application. we have purchase capital goods and raw material which we have purchase before the regn. i just want to know shall i take the cenvat credit on those capital goods and raw material.
pl advice
regards
Rajendra Bhalerao
we are in manufacturing unit and getting Central Excise registration for the same. which we have received after one month date of application. we have purchase capital goods and raw material which we have purchase before the regn. i just want to know shall i take the cenvat credit on those capital goods and raw material.
pl advice
regards
Rajendra Bhalerao
CA CS Amit S. Kedia
(Expert)
10 August 2012
Cenvat credit is allowed if you have purchased the goods in the month/months for which return is filed.
At the time of payment of excise duty, you have already taken the registration then you can rightly claim the cenvat credit on the same even if registration certificate is issued after purchasing the goods.
At the time of payment of excise duty, you have already taken the registration then you can rightly claim the cenvat credit on the same even if registration certificate is issued after purchasing the goods.
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