Cenvat on unutilised steel purchase for mfg of capital goods

[Ramesh Patel]

If mfg buy steel to mfg capital goods to be used for production purpose.  But due to financial or other difficulty pospond mfg of capital goods. Wheather mfg can avail cenvat on unused steel lying in factory,  purchased for capital goods. 

AI Summary

CENVAT Credit Can Be Claimed on Unused Steel for Capital Goods; Expert Confirms Eligibility Under Applicable Rules A manufacturer inquired about the availability of CENVAT credit on unused steel purchased for manufacturing capital goods, which remains unutilized due to financial or other difficulties. An expert confirmed that CENVAT credit can be availed on the steel lying in stock at the factory premises. The manufacturer requested further information on the applicable section, rule, or case law to support this position.