Availability of cenvat credit on imported capital goods not yet received at factory.

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..... Availability of cenvat credit on imported capital goods not yet received at factory.
Query (Issue) Started By: - G GOSWAMI Dated:- 29-6-2013 Last Reply Date:- 2-7-2013 Central Excise
Got 2 Rep .....

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..... lies
Central Excise
We are the manufacturer of engineering goods since long now under BIFR. We are importing a machine in addition to our existing machines. The machine has already been shipped. .....

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..... But now the machine could not be entered in our factory since the shed for it is under construction. we have decided to keep the said machine in a rented godown after its arrival at Calcutta Port and .....

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..... getting Customs clearance with payment of cvd & 4% adl. etc. Kindly advise with relevant provision whether we can avail 50% cenvat credit immediately on the issuance of Bill of Entry/payment of duty .....

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..... though the machine will be kept in the rented godown for time being instead of our factory. I remember that there are some CESTAT judgement where cenvat credit has been allowed for the inputs are in h .....

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..... igh-seas/in-transit though actually not received in the factory. Your valuable opinion will be highly solicited. Regards, G.GOSWAMI 29.6.2013 Reply By Pradeep Khatri: The Reply: Rule 4 (2) (a) o .....

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..... f the Cenvat Credit Rule, 2004 does not allow the CENVAT credit on the capital goods which has not been received in the Factory premises. Reply By G GOSWAMI: The Reply: Thanks to Mr. khatriji for hi .....

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..... s immediate response. Regards, G.Goswami
Discussion Forum - Knowledge Sharing .....

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