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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
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sachin alwadhi

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sachin alwadhi (Expert)
14 April 2010 yes,for input immediately and capital goods 50% in current year&50% in next financial year.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
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.
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sachin alwadhi

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sachin alwadhi (Expert)
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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