cenvat credit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cenvat credit
Query (Issue) Started By: - yogesh zanwar Dated:- 23-8-2011 Last Reply Date:- 24-8-2011 Central Excise
Got 3 Replies
Central Excise
what is time limit for taking cenvat cred .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it.i had some purchase in the month of december 2010 but bill was recd in august 2011.can take credit of cenvat.its allowed or disallowed under which section,circular or notification. please guide to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me. Reply By pradeep khatri: The Reply: You can avail CENVAT credit. There is no such time limit. The CENVAT credit Rules says that assessee may avail CENVAT credit immediately. Reply By Rajan d: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Reply: Yes, i agree with Mr.pradeep khatri. You can avail the credit imediately on receipt of the goods at your factory. if it is a capital goods maximum of 50% you can avail in the same financia .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l year and balance in next year or susequent any year. Reply By NEERAJ KUMAR, RANCHI: The Reply: Yes you can take cenvat credit on that bill. There is not any such limit, the only condition is that .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the goods should have been received in your factory
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X