Cenvat credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2013 my clint has been made purchase excisable capital goods from two years ago but at that time my clint was not register in central excise and same way that time he had not clain expenditure in business and stand alon saprately on CENVAT credit receivable still now and right now he has register in central excise so can he claim cenvat credit on that particular stand alone cenvat credit in equell installment if he can clain credit on that cenvat credit so can he clain less than 50% cenvat credit in first year and more than 50% in next year

Arun Kumar Singh

Arun Kumar Singh (Expert)
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12 June 2013 In JR Herbal Care v. CCE (2010) 253 ELT 321 (CESTAT SMB), Capital goods were received by assessee when he was working under SSI exemption. Leter he obtained registration when value of clearnces crossed exemption limit. It was held that cenvat credit is available.