Use of cenvat credit prior to production
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2016
We have manufacturing unit to manufacture product 'X'
in same premises we have taken up new project to manufacture product 'Y' manufacturing activity of product 'Y' will start after 6 month.
can i use the credit of capital goods purchased for product 'Y' against my duty liability of product 'X''s sale??
in same premises we have taken up new project to manufacture product 'Y' manufacturing activity of product 'Y' will start after 6 month.
can i use the credit of capital goods purchased for product 'Y' against my duty liability of product 'X''s sale??
29 November 2016
Yes, you can only take the credit but not utilized for other manufactured goods.
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