20 September 2012
Ours is a greenfield project. We started receiving capital goods. However, there was a time lag before excise registration was obtained. We have not started manufacturing operations since the Company is still in project stage. Can we now claim CENVAT credit on cap. goods for the short period when we did not have excise registration?
25 September 2012
prior to start of payment of duty, input credit is not admissible, however you can obtain regn in advance, and under guidence of R/O can avail input credit of capital goods only, subject to restrictions if any, advised by R/O
CAclubindia
