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Notification no.15/2014

kumar hattanna (Officer - Excise) (525 Points)

27 March 2014

Dear Sirs

Please explain briefly Notification no 15/2014 NT (Cenvat Credit rule 2004 Amendment)

Regards

Kumar

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5 Replies

Akshay Garg (Indirect tax trainee) (457 Points)
Replied 28 March 2014

Dear Kumar

The notification 14/2004 CE N/T has empowers the Central goverment to make certain measures including restrictions on a manufacturer, first stage and second stage dealer or an exporter. Thus empowering Central Govt. to avoid misuse of the Cenvat Credit.

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kumar hattanna (Officer - Excise) (525 Points)
Replied 29 March 2014

Thank you Akshay Garg Sir.

venkat (MANAGER- ACCOUNTS) (62 Points)
Replied 13 May 2014

Dear sir, We are Sri Prabha Life Sciences at Ongole , Andhra Pradesh. We are manufacturing of curcumin (Herbal Powder) of from Turmeric. we are purchased machinery ( Capital goods) from Dec-2012. with Excise Invoice. But we are Regd. with Central excise department on Feb-2014. (SSI) But Our Production was started on Feb-2014. at tthe time of Central excise return filing (ER-3) we have taken CENVAT credit avail on capital goods 50 %. But Our Superintedent of central excise was accept our CENVAT due to with out registration and that capital goods purchased from Dec-2012. so pls give your guide lines to solve the problem. and provide any notifications or circulra or legal cases in this regard. Thanks venkat

JMS (DY.MANAGER -COMMERCIAL) (110 Points)
Replied 17 May 2014

You are eligible to avail Cenvat Credit on capital goods, which were purchased by you prior to registration. Denying Cenvat credit by Superintendent on this issue is not sustainable. Many judgments are there on this issue and you can show the decisions to Superintendent.

Regards,

JMS