TaxTMI 
TaxTMI 
Dear Sir,
If any unregistered dealer ( trader) want to take excise registration as on today ( Current scenario).
Is he eligible to take the CENVAT credit on stock lying with him.
Rgds
MJ
CENVAT Credit on stock
18 May 2017 
5 Replies 
1168 Views Asked by
CENVAT credit on stock: eligibility hinges on documentary proof of duty paid, but pre-registration claims face practical limits.
An unregistered trader who obtains excise registration may claim CENVAT credit on existing stock only if he holds documentary proof that duty was paid, notably invoices showing receipt from the manufacturer, importer, or first-stage dealer. Practical limits exist: availing or passing on credit for invoices dated before registration is disputed, entries in the RG register for pre-registration periods are problematic, and any one-time historical concessions are subject to case-law and factual scrutiny. (AI Summary)
An unregistered trader who obtains excise registration may claim CENVAT credit on existing stock only if he holds documentary proof that duty was paid, notably invoices showing receipt from the manufacturer, importer, or first-stage dealer. Practical limits exist: availing or passing on credit for invoices dated before registration is disputed, entries in the RG register for pre-registration periods are problematic, and any one-time historical concessions are subject to case-law and factual scrutiny. (AI Summary)