Dear All,
I have a query regarding availing of Excise Cenvat.
Say the party has billed the excise invoice on 30th June 2014 and I have received the goods on 3rd July 2014.
So what should be the appropriate date/month to avail the Cenvat credit. Will it be June or July.
Thanks in advance !!
Regards
Dear sir,
Receipt of goods is very important for availing credit (i.e why the credit is eligible on transporter copy).
Rule 4 of CCR "RULE 4. Conditions for allowing CENVAT credit. — (1) The CENVAT credit in respect of inputs may be taken immediately on receipt of the inputs in the factory of the manufacturer or in the premises of the provider of output service,,
Further i would like to mention that there is no time limit for availing credit unilke local sales tax.
You have receive the goods in the month of July, so you are eligible to avail credit in the month of July
You can avail the CREDIT after receipt of the Goods.
There is no time limit for that.
CAclubindia
