Cenvat credit on p&m

excise input is allowed when u have the title of asset in ur name... so u can take credit.

one more thing if the company hadnt started working thats not important na asset WIP kaise hogi......

Thanks. But actually the company is in the process of setting up its factory. The Machineries and capital goods are in the nature of P&M and the same are shown as CWIP.

Isiliye mujhe confuse ho raha hai.