Utilisation of cenvat credit on brown field project

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2015 Sir,

We have existing cement plant since 2008 onwards. we have availed and utilise the Centvat credit aganist clearance of our final product. Now, our plant going to expanding the production capacity . so, we have started Brown field project, at our same premises. We are availing cenvat credit on new machinaries and spares, so, these cenvat credit of new plant can utilise to duty payment of existing plant before start the production of new plant?

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

14 September 2015 You can take the cenvat credit on capital goods if you have manufactured the dutiable goods and pay the excise duty on final products.