Cenvat Credit Consideratation

Muddalagundi Varadaraj (Accountant) (35 Points)

14 July 2011  

Sir,

please provide information with respect as mentioned below:

Monthly we will consider and utlizise cenvat credit on availablity. But, when we have made a delayed payment of excise liablity, on that time whether the cenvat credit can be utilizised or not? If yes or no please provide rules or acts on the above  subject.