Cenvat credit utilisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2015
Sir,
Our plant expansion is going on and we have availed CENVAT credit on Inputs and Capital Goods , But expansion plant production so far not started so, shall I utilise the CENVAT credit ? aganist duty payment of existing plant.
please advice sir,
Our plant expansion is going on and we have availed CENVAT credit on Inputs and Capital Goods , But expansion plant production so far not started so, shall I utilise the CENVAT credit ? aganist duty payment of existing plant.
please advice sir,
14 September 2015
You can take the cenvat credit on inputs and capital goods but you need to pay excise duty on final product.
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