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Cenvat Credit

Central Excise - Started By: - Rizwan Ullah - Dated:- 26-11-2016 Last Replied Date:- 29-11-2016 - Assessee purchased certain machinery classified as capital goods falling under Ch- 84 , due to some reason assessee could not take on that invoice issue .....

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to be taken after that FY. If 50% credit has not been taken in the first you can take 100% in 2016. - Reply By Rajagopalan Ranganathan - The Reply = Sir, With effect from 1.3.2015 third proviso to rule 4(1) of Rules, 2004 the manufacturer or the pro .....

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g credit and you can take 50% of the in the year in which you have received the capital goods. Remaining 50% can be take during any of the years that follows the year 2014. Since more thane one year has elapsed when you intend to take the first credi .....

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ould be taken is prescribed to bring discipline amoung the assessee to do correct compliance . Though the issue is litigation prone, an assessee should avail the credit if the credit involved is substantial . Thanks . - Reply By Suryanarayana Sathine .....

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credit , which is supposed to be availed by you in the year of receipt but not availed for the reasons best known to you, can be taken since it is your legitimate right as already stated by Shri. Ganesh Kalyani Ji, I suggest you to take the same unde .....

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