Clarification on cenvat credit before registration

[THYAGARAJAN KALYANASUNDARAM]

Dear Sir,

One of my client doing manufacturing of pvc windows and got registered with the central excise department by two days ago. However, he has crossed the threshold limit of ₹ 1.5 Crores in the last financial year in the month of March'2015. And the majority of the raw materials are imported goods. Now, we have suggested the client to pay the excise duty since crossing the threshold limit after deducting the threshold limit. Now, my question when he is ready to pay the excise duty along with the interest, will he be eligible to avail the cenvat credit which he was imported.

Can you provide the suggestion on the aforesaid subject, its very urgent.

With regards,

K. Thyagarajan

AI Summary

Cenvat credit eligibility: pay duty and claim credit on imported inputs and stock if documentary proof exists.
A manufacturer exceeding the SSI turnover threshold may either use the exemption until crossing and then pay duty and avail cenvat credit, or elect to forgo the exemption and pay duty with cenvat credit from the earlier date; credit is claimable on import duties and on inputs in unsold stock or work in progress where documentary evidence proves the duty paid nature. The election to opt out is exercisable during the year but, once made, is irrevocable for that financial year.