TaxTMI 
TaxTMI 
capital goods
10 Dec 2010 
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Cenvat credit on capital goods: claimable only after registration; pre-registration goods may be claimed once production starts.
The Cenvat Credit on capital goods is available only after registration. Where capital goods were received prior to registration, the assessee should apply for registration, intimate the jurisdictional excise department of the facts, and may avail the credit after registration upon commencement of commercial production of the finished goods. (AI Summary)
The Cenvat Credit on capital goods is available only after registration. Where capital goods were received prior to registration, the assessee should apply for registration, intimate the jurisdictional excise department of the facts, and may avail the credit after registration upon commencement of commercial production of the finished goods. (AI Summary)
whether credit on capital goods received before registration can be availed after registration in new set of rules. reply with authority