Cenvat on Capital Gooods

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..... Cenvat on Capital Gooods
Query (Issue) Started By: - Ramesh Patel Dated:- 26-6-2010 Last Reply Date:- 7-7-2010 Central Excise
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Central Excise
We are regestered in Excise on 04/ .....

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..... 04/07. We purchase capital goods and avail 50% cenvat in 07-08. But due to clearence bolow Rs. 150.00 Lacs we could not utilised it in 07-08. In 08-09 we cross the clearence limit and utilised it. Wea .....

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..... ther we are eligible to claim cenvat on capital goods purchased in 07-08 even though we haven't cross clearence limit. Reply By Rama Krishana: The Reply: Provisions of Rule 11 of the Cenvat Credit Rul .....

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..... es, 2004 read with SSI exemption notification no. 8/2003 CE dated 1.3.2003, you can avail the credit on capital goods but you can utilise the same untill the limit of Rs. 1.5 crores is reached.
Di .....

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..... scussion Forum - Knowledge Sharing .....

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