Cenvat Credit on capital goods

[MUNIRAJ SRINIVASAN]

Cenvat Credit on Capital goods for sample Machinery ( after Bill of entry and TR 6 challan payment is there ) if any provision is there

[YAGAY and SUN]

Could not get you point. If this machinery will be used used in manfacuturing of dutiable finished goods, then you can avail the CENVAT credit as per the provision of CCR, 2004 as amended time to time.

AI Summary

Cenvat credit on capital goods: available where machinery is used in manufacture of dutiable finished goods, subject to rules. Cenvat credit on capital goods used as sample machinery is available if the machinery is employed in manufacturing dutiable finished goods; where import formalities (bill of entry) and required payments are completed, credit may be availed under the Cenvat credit rules as amended, subject to statutory and procedural conditions.