Utilisation of cenvat on capital goods before production

369 views 1 replies

We are manufacturer of TMT Bar(Rolling Mill).Our Integrated SMS Plant is under WIP.Can we utilsie the Cenvat on Capital Goods of SMS towards Removal of TMT Bar.

 

Replies (1)

On a generic note and not covering things in specific,

CENVAT credit rules provides for claiming input on capital goods which is "used" in the factory based on 50% each year Rule 4(2)

In the present case the CG are in WIP condition and not used (whether active or passive the discussion doesn't arise in this case)

Therefore as per my understanding it can be concluded that the input credit in the current case cannot be taken as the plant is in WIP stage

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details