availing cenvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 is it possible to avail & utilise cenvat credit in RG 23A& RG 23C during the exempted period of goods?

2.Is it possible to avail the cenvat credit in RG 23c during the constrcution of capital Asset?

S.P.Mahanta

S.P.Mahanta (Expert)
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03 July 2011 No Cenvat Credit available on inputs / capital goods during period of goods being exempted fron whole of excise duty or being nil duty. However,receipt of inputs / capital goods may be entered in RG 23A/RG23C for record as well for availment of Cenvat Credit when goods become dutiable.
2) No bar in availing Cenvat credit in RG 23C during construction period of capital asset, subject to rule 4(2)(a) & (b) of CCR'2004.
Units enjoying SSI status can avail 100% Cenvat Credit in first year itself