Cenvat credit utilization

At present CENVAT Credit can be availed only up to one year from the date of invoice. On older then that bill you can not avail cenvat credit.

prepare the reconciliation statement along with the working and the same you have to submit to commercial department., they will allow if its initial stage based on you request 

We pay CVD on import of CAPEX item;

These CAPEX items are used for revenue generation on which Service Tax is applicable.

Can this CVD be availed as Input Credit for set off against ST liability? 

As per rules you must accout the taken Cenvat. If any discrepqany arises then you must pay the Cenvat taken by you.