Availment of cenvat credit of capital goods

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Dear Sir,

In Excise notification 21/2014 ce(nt) it is mentioned that time limit for availment of cenvat credit of 6 months is applicable to input (Rule 4(1)) and inputs services (Rule 4(7)) of cenvat credit rules 2004 only, So whether the time limit of 6 months is applicable to capital goods also,please expalin , thanks and regards

AI Summary

Debate on Six-Month Cenvat Credit Limit: Does it Apply to Capital Goods Under Excise Notification 21/2014? A discussion forum addresses the issue of whether the six-month time limit for availing Cenvat credit, as per Excise Notification 21/2014, applies to capital goods. One participant argues that the time limit applies only to inputs and input services, not capital goods, which can be credited at any time, provided they are received in the factory and 50% of the duty is claimed in the first year. Another participant disagrees, suggesting the six-month limit should also apply to capital goods. The consensus leans towards the non-applicability of the time limit to capital goods, emphasizing compliance with specific conditions for credit eligibility.