Time Limit to Utilisation of Cenvat Credit


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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2010 Is there is any time limit for utilisation of Cenvat Credit received on Input and Capital Goods

14 April 2010 yes,for input immediately and capital goods 50% in current year&50% in next financial year.

14 April 2010 Excise credit on input can be taken immediatley and on capital goods, it is 50% in current year and 50% in next finanical year.
But there is no limit on utilization of cenvat credit. You can utilize it any time as and when you required it.

15 April 2010 yes agree with MR.bansal.because there is differences between take and utilisation.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2010 Thanks


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