We have established a Pvt Ltd company 4 year ago. but activities started from last 1 year. we have imported some machines from foreign contries on which we have paid custom duty and excisee duty
after one year we are going to take excise registration. Can we avail CENVAT on those machineries, onwhich we have paid already Excise duty.?
Pl help
Company Can Claim CENVAT Credit on Pre-Registration Capital Goods, Confirms Inquiry on Imported Machinery Duties. A private limited company, established four years ago but operational for the last year, inquired about availing CENVAT credit on imported machinery for which customs and excise duties were paid before obtaining excise registration. The response confirmed that the company can indeed claim CENVAT credit on capital goods purchased prior to registration. (AI Summary)
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