TaxTMI 
TaxTMI 
Hi,
We received certain machine in factory during exemption period, can we take Cenvat credit for the same after being brought into tax net. Are there any judgements in this regard?
Thanks
Saket
Capital Goods - Cenvat Credit
27 Oct 2016 
2 Replies 
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Cenvat credit on capital goods restricted during initial period; claimable thereafter once goods cease to be exempt.
Cenvat credit on capital goods used exclusively for exempted goods or services is disallowed for an initial restriction period from commencement of commercial production, or from installation if received later; after that period credit may be availed if the goods are not exempt, and situations where goods are declared exempt within the restriction period require administrative clarification. (AI Summary)
Cenvat credit on capital goods used exclusively for exempted goods or services is disallowed for an initial restriction period from commencement of commercial production, or from installation if received later; after that period credit may be availed if the goods are not exempt, and situations where goods are declared exempt within the restriction period require administrative clarification. (AI Summary)