Cenvat on capital goods not availed in the year of purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2011
Some capital goods were purchased in 11/2010 but no CENVAT availed then as no duty was payable on final product (Coal) then. Coal was made dutiable from 01.03.2011. Can CENVAT on C.G can be availed in the year 2011-12, if yes then to what extent (50% or 100%). Is there any case law specific to this case.
U S Sharma
(Expert)
29 November 2011
as the capital goods got capitalized in the year ended 2011, with duty contents, no further input credit would be allowed, however if you buy any fresh capital goods, it would be available for input credit subject to compliance of CCR 2004
U S Sharma
(Expert)
29 November 2011
as the capital goods got capitalized in the year ended 2011, with duty contents, no further input credit would be allowed, however if you buy any fresh capital goods, it would be available for input credit subject to compliance of CCR 2004
U S Sharma
(Expert)
29 November 2011
as the capital goods got capitalized in the year ended 2011, with duty contents, no further input credit would be allowed, however if you buy any fresh capital goods, it would be available for input credit subject to compliance of CCR 2004
U S Sharma
(Expert)
29 November 2011
as the capital goods got capitalized in the year ended 2011, with duty contents, no further input credit would be allowed, however if you buy any fresh capital goods, it would be available for input credit subject to compliance of CCR 2004
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