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.

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.