Capital Goods & Proof of Export

[Asked by Guest]

Dear Sir / Mam

Please advice :-

1) We are registered with Central Excise this year, can we avail the cenvat credit in capital goods received in Exemption period ( Previous Period).

2) If we send Nepal export against LUT, and payment received through LC, INR , this condition, what we do on the time of submit Proof of Export. and what is the required documents : -

VI$HAL GARG

[KASTURI SETHI]

1.Pl. read Rule 6(4) of Cenvat Credit Rules, 2004 deeply.

2. Export to Nepal is at par with other countries. Period of six months for submission of proof of export from the date of clearance of excisable goods from the factory. The department extends the time limit on request.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Sethi.

[YAGAY and SUN]

Availing balance 50% in subsequent period shall be allowed. There are judgement in this scenarios.

AI Summary

Cenvat credit on capital goods: eligibility during exemption period and proof of export timing for LUT shipments.
Eligibility to claim Cenvat credit on capital goods received during an exemption period depends on the Cenvat Credit Rules, notably Rule 6(4), and may permit utilisation of remaining credit in a subsequent period. For exports under an LUT with payment via LC in local currency, proof of export must generally be submitted within six months from clearance of goods, subject to departmental extension, and appropriate documentary evidence should be maintained.