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
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