Cenvat Credit
This query is : Resolved
Dinesh Yadav
(Querist)
14 February 2009
Dear Sir,
Kindly clarify whether cenavt credit of excise duty paid on capital goods is allowed on capital goods acquired during initial setup of factory, machinery is received but factory has not yet come into existance and/or got regitered as production has yet to commence.
Is there any legal reqirement to get the registration under central excise before placing purchase order of caiptal goods/inputs although factory has yet to commence production.
Kidly Clarify the matter at your earliest and oblige
Kindly clarify whether cenavt credit of excise duty paid on capital goods is allowed on capital goods acquired during initial setup of factory, machinery is received but factory has not yet come into existance and/or got regitered as production has yet to commence.
Is there any legal reqirement to get the registration under central excise before placing purchase order of caiptal goods/inputs although factory has yet to commence production.
Kidly Clarify the matter at your earliest and oblige
Arbind Aggarwal
(Expert)
23 February 2009
Cenvat credit can be taken and utilised after registration only but it does not mean that u can not buy goods without taking registration.
For specific and detailed reply mail at: arbindaggarwal@yahoo.com
For specific and detailed reply mail at: arbindaggarwal@yahoo.com
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