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Cenvat credit

This query is : Resolved 
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(Querist)
01 August 2014 We are producing goods & paying Excise Duty. For expansion of business new plant & machinery was purchased which is not put to use till date. Can we utilize 50% cenvat credit paid on the same for setting off our current liability in the year of purchase or we have to wait till the date of use of machinery?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
01 August 2014 If premises are same then after received the capital goods in the factory you can take the cenvat credit on 50% and utilise the same for other goods manufacturing.
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Rupesh Jain

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Rupesh Jain (Expert)
07 August 2014 you can use 50% of cenvat on capital goods after receiving in your factory premises. bal in next year.
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