Cenvat Credit

This query is : Resolved

elango rk (Querist)
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01 June 2009
We're a Pub.Ltd.Coy, Constructing a Factory
for Manufacturing Activity @ 60% finished stage.

For the Construction we're receiving Steels in exceise Invoice that having CENVAT of 14%.

We also Collecting & paying CENVAT on Excise Bills, Quarterly.

Qn.

1.Shall We Take that Steel Bill CENVAT 14% Credit as input against our trade Excise Bill?.

2.The Steel Bill related to Sep'08,Oct'08 Can I Take it Now, ie.,for Jun'09 Quarter?.

Kindly Reply.Urgent

Vishnu Saboo

Vishnu Saboo (Expert)
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01 June 2009

elango rk

elango rk (Querist)
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03 June 2009 kindly reply.urgent

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elango rk

elango rk (Querist)
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09 June 2009 kindly reply soon.

CH.LN.Sastry,MCom, LLB, M.Phil

CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
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11 September 2009 If it is Input / Capital Goods for your manufacturing unit then you can take Cenvat Credit.

Input / Capital Goods Definitions explained in Cenvat Credit Rules, 2004.

There is no time limit specified in the rules, so you can take the Cenvat Credit if the above goods are inputs / Capital Goods.

CH.L.N.SASTRY
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