Please advise when a company should take excise registration.
From start of
1. Manufacuting of building
or
2. After completion of Building & Start of purchaing of Machinery (Capital goods)
or
3. At time of start of production
Please advise that if compant has taken registration at time of start of production they can take cenvat credit on capital goods or not which purchased before taking excise registration.
An assessee can immediately apply for registration once he starts with his production .
Or he can claim exemption upto 1.5 cr and once he crossed or liable to duty payment that time he can apply.
As you rightly said , once he register he can take cenvat.
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
