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Cenvat of excise duty
In our case we are taking excise number & purchase machinary cenvat taken on that machinery but 2 to 3 years that machine we are utilised for job work only after 3 years we are starting manufacturing goods can we are liable for utilised that capital goods cenvat againt the now manufacturing goods.
is three in limitation for utilising cenvat credit (we are regular file excise return * carry forward cenvat next year)
Replies (2)
cenvat credit obtained on purchase of machinery can be claimed at the time of charge on the manufactured product.Even though credit claimed soon at the purchase of machinery, balance is claimed at point of charge/even after 3 yrs
Once you availed the credit in returns, you can go on utilizing that credit. Provided your a manufacturer and paying excise duty at normal rates and not claimed any concessional benefits.
Venkat
venkat @ hiregange.com
9620116162
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