SSI exemption - claim of cenvat credit

[madhavvan n]

unit is availing ssi exemption under excise as turnover is more than rs. 90 lacs but less than rs. 150 lacs can it calim cenvat credit ( cpaital goods inputs / input services)

AI Summary

Can SSI units claim CENVAT credit on capital goods if turnover is between Rs. 90-150 lakhs under SSI exemption? A discussion on a forum addresses whether a unit availing Small Scale Industry (SSI) exemption under Central Excise, with a turnover between Rs. 90 lakhs and Rs. 150 lakhs, can claim CENVAT credit for capital goods, inputs, or input services. One participant questions the need for CENVAT credit if there is no excise duty liability under SSI exemption. Another participant suggests the credit is intended for use when excise duty payment begins.