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Project Phase_Excise Formalities

This query is : Resolved 
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(Querist)
22 June 2010 Dear Expert,

Please make me clear the Excise Formalities for the Manufacturer at the Project phase. As it is already registered with Central Excise, but like for the Plant & Machinery we are purchasing & other Input or Input Services, when we will be eligible to take the Credit etc.

Waiting for reply.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
22 June 2010 You will be eligible to take credit when Project is started and machinery are put to use and commerical production is start.

as soon as commerical production is start, you will be eligible to take the credit.
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