Cenvat Credit
This query is : Resolved
10 July 2009
We had applied for Excise Registration 2 weeks back and then we imported some goods.
Now we have received our Excise Registration No and also the imported goods has arrived on the same date of getting Registration No. Can we avail cenvat credit on the above import?
Kindly clarify at the earliest.
Now we have received our Excise Registration No and also the imported goods has arrived on the same date of getting Registration No. Can we avail cenvat credit on the above import?
Kindly clarify at the earliest.
CA.Hanumantha Reddy
(Expert)
14 July 2009
Yes, it is eligible for CENVAT, if the imports are used for manufacture of excisable goods or taxable output services.
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