Registration
This query is : Resolved
Monika Sharma
(Querist)
10 July 2012
is it necessary to take registration under central excise before purchasing capital goods so that we can claim CENVAT credit of the same. or we can purchase the capital goods even before applying for registration and even then eligible to claim credit. plz specify the relevant section or rule.
Arun Kumar Singh
(Expert)
11 July 2012
As per CBE&C Circular No. 88/88/94 dated 26.12.1994, during initial set up of factory machinery is received but factory has not yet come into existence as production has yet to commence. the credit will be available when factory is registered and production starts. In JR Herbal Care v. CCE (2010) 253 ELT 321 (CESTAT SMB), capital goods were received by assessee when he was working under SSI exemption. It was held that cenvat credit is available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
