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TMI BlogAvailment and utilisation of exciseX X X X Extracts X X X X X X X X Extracts X X X X ..... Availment and utilisation of excise X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 postin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g in cenvat register and utilisation is actual credit being utilised for payment of duty is this correct Reply By Rama Krishana: The Reply: If you refer to condition no. (iv) of para 2 of SSI notifiction no. 8/2008, which read as, " (iv) the manufacturer also does not utilise the credit of duty on capital goods under rule 3 or rule 11 of the said rules, paid on capital goods, for payment of duty, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if any, on the aforesaid clearances, the aggregate value of first clearances of which does not exceed one hundred and fifty lakh rupees, as calculated in the manner specified in the said Table;" Means thereby that, he is allowed to take the cenvat credit but not allowed to utilize the same till the ssi exemption is over. Based on this, I believe you can avail 100% credit in FY 09-10 and utilize t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he same. X X X X Extracts X X X X X X X X Extracts X X X X
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