Cenvat credit..

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2012 Dear Experts,

we are in manufacturing unit and getting Central Excise registration for the same. which we have received after one month date of application. we have purchase capital goods and raw material which we have purchase before the regn. i just want to know shall i take the cenvat credit on those capital goods and raw material.

pl advice

regards
Rajendra Bhalerao

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

10 August 2012 Cenvat credit is allowed if you have purchased the goods in the month/months for which return is filed.
At the time of payment of excise duty, you have already taken the registration then you can rightly claim the cenvat credit on the same even if registration certificate is issued after purchasing the goods.