can eligible to take input credit even not registered under central excise registration

[Guest]

Res. Sir,

we are going to set up new business as s manufacturer for that we have purchased excisable raw material still we have not taken excise license but we have applied for that so on this base can we take credit on rm input against our excisable finished goods.

please guide us.

regards,

Manan Pandya

[YAGAY andSUN]

Dear Manan,

If you have applied for C.E. Registration, then, it is advisable to wait for next seven days for the R.C. and after that you can avail the CENVAT credit, as from the date of submission of application for seeking registration under Central Excise/Service Tax, you will get the R.C. within seven days, even if you don't get he R.C. (provided your application is not rejected for the want of additional documents etc) you are deemed to have registration certificate.

Regards,

YAGAY and SUN

(Management and Indirect Tax Consultants)

[Guest]

Res. Sir,

i understand what you want to say, but we have pending order and we have to dispatch as per buyer requirement so i can't wait for getting R.C. so reply what can i do for that case?

regards,

Manan pandya

[YAGAY andSUN]

Dear Manan,

Then, you can make a request to the concerned authority to expedite in this matter for issuance of C.E. Registration Certificate at earliest within a day or two. Without it, if you avail or remove goods, then, we are sure that you will increase your risk appetite.

Regards

YAGAY and SUN

(Management and Indirect Tax Consultants)

[Mahir S]

Mananji,

Your initial query was related to excise registration for purpose of availing cenvat and second query was with reference to excise registration for clearance of excisable goods.

It is commendable that that u already started business and also got the goods manufactured that are now ready for dispatch.

In case of urgency, you can meet the Assistant/Deputy Commissioner of Central Excise of your Division and verbally communicate your problem, who shall surely be helpful to you in the matter.

AI Summary

CENVAT credit entitlement: registration application creates deemed registration allowing credit from application date; seek expedited certificate. Application for Central Excise registration results in a deemed registration from the date of application, permitting the assesse to claim CENVAT credit from that date provided the application is not rejected for lack of documents; assessees should either await the registration certificate, request expedited issuance, or seek assistance from the Assistant/Deputy Commissioner before removing excisable goods to minimise compliance risk.