TMI BlogCenvat on Capital GooodsX X X X Extracts X X X X X X X X Extracts X X X X ..... We are regestered in Excise on 04/04/07. 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... learence limit and utilised it. Weather 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 = Provis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions of Rule 11 of the Cenvat Credit Rules, 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 li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mit of Rs. 1.5 crores is reached. - Cenvat on Capital Gooods - Query Started By: - Ramesh Patel Dated:- 26-6-2010 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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