SSI unit has turnover exceeding rs. 90 lacs it files quarterly returns
for FY 08-09 it has imported and purchased locally capital goods and accordingly has posted same in cenvat register can it utilise this credit in FY 09-10 in case the turnover crosses limit of Rs. 150 lacs and it starts charging excise duty
can it utilise 100% credit in FY 09-10 of capital goods
it has purchased inputs and input services in FY 08-09 can it avail this in FY 08-09 and then utilise it in FY 09-10
is there any provision where if ssi unit exports
please clarify whether credit is to be availed first and then utilised availment means posting in cenvat register and utilisation is actual credit being utilised for payment of duty is this correct
CAclubindia
