Cenvat credit/capital goods

Ramesh kumar (Manager - Central Excise )   (126 Points)

21 November 2013  

Dear Sirs, 

An assessee taken Central Excise registration on 05.09.2013, A moulding machine purchased on 31.03.2013, duty involved 200000/- it is also depreciated @ 7.5% in FY-2012-13 accounts, my Que. is shal we eligible for avail cenvat credit  on lying C/goods as on 05.09.2013. At the time of registration there is any provision to avail cenvat credit on C/goods lying stock.  

Please clarify.