capital goods

[Vinay Mishra]

whether credit on capital goods received before registration can be availed after registration in new set of rules. reply with authority

AI Summary

Cenvat Credit on Capital Goods: Claim Only Post-Registration; Inform Excise Department for Pre-Registration Receipts A query was raised regarding whether Cenvat Credit on capital goods received before registration can be availed after registration under new rules. The response clarified that Cenvat Credit can only be availed post-registration. If capital goods are received prior to registration, one should apply for registration and inform the jurisdiction excise department. Cenvat Credit can then be claimed after starting commercial production of the finished goods.