Storage of input outside factory prior to availing cenvat credit

[Yatin Bhopi]

We are manufacturer. We import our input on payment of applicable custom duties. We have imported our input in excess of storage space available in the factory. We wish to store this excess input outside the factory in nearby warehouse. We will not avail the CENVAT credit till the actual receipt of the input in the factory.

My query is:  Can we store this input after paying duties and clearing from customs out side factory?  

AI Summary

CENVAT Credit Rules: Inputs Must Reach Factory for Credit; External Storage Needs Jurisdictional Approval A manufacturer inquired about storing imported inputs outside the factory due to limited space and whether they could avail CENVAT credit before the inputs are brought into the factory. Respondents advised that storing inputs outside requires permission from the Jurisdictional Commissioner or relevant authorities. CENVAT credit can only be availed once the inputs are received at the registered factory premises. If the company is registered to store goods in a warehouse, credit can be taken upon the goods' arrival at the warehouse. Permission is not needed if credit is not claimed until the inputs reach the factory.