Time Limit to Utilisation of Cenvat Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2010
Is there is any time limit for utilisation of Cenvat Credit received on Input and Capital Goods
14 April 2010
yes,for input immediately and capital goods 50% in current year&50% in next financial year.
14 April 2010
Excise credit on input can be taken immediatley and on capital goods, it is 50% in current year and 50% in next finanical year.
But there is no limit on utilization of cenvat credit. You can utilize it any time as and when you required it.
But there is no limit on utilization of cenvat credit. You can utilize it any time as and when you required it.
15 April 2010
yes agree with MR.bansal.because there is differences between take and utilisation.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2010
Thanks
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