Cenvat credit on cap goods before registration

[Guest]

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

[Arun Kumar Singh]

Yes, you can take the cenvat credit of capital goods purchase before registration.

AI Summary

Cenvat credit on capital goods may be claimed after obtaining excise registration even if duty paid earlier. The taxpayer may avail the CENVAT credit on capital goods acquired and on which excise duty was paid prior to obtaining excise registration; the response affirms entitlement to claim such credit once registration is secured.