Cenvat Credit
This query is : Resolved
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
15 February 2009
There is no such requirement. The substantial benefit of cenvat is not dependenat upon taking registration before placing purchase order. You can take credit after registration even if goods were received before registration.
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