Cenvat credit on capital goods

[Anupam Tiwari]

Whether an assessee is entitled to avail Cenvat credit on capital goods received in the factory premises before taking Central Excise registration.

[chaganti srinivas]

Can be availed.

[Guest]

Central Excise Registration is must for availing CENVAT credit on Capital Goods, even then, you can avail the CENVAT credit. But you have to intimate Central Excise Department. 

[Rama Krishana]

Cenvat credit on capital goods received before taking central excise registrations can be claimed.

AI Summary

Cenvat credit on capital goods allowable despite pre-registration receipt, subject to obtaining registration and notifying the department. Advisory responses indicate that Cenvat credit on capital goods received before obtaining Central Excise registration can be claimed, provided the assessee obtains Central Excise registration and intimates or notifies the department when availing the credit, so that statutory compliance prerequisites for claiming the credit are satisfied.