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

[Asked by 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

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.