What is the validity date for taken the cenvat of input/capital item after receiving the materials in plant. Pl reply. With Rgds, S N Sharma
Valid date for Capital item credit
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CENVAT Credit Validity: Claim Immediately on Receiving Inputs or Capital Goods at Manufacturing Premises. A query was raised regarding the validity date for taking CENVAT credit on input or capital items after their receipt at a manufacturing plant. The response clarified that CENVAT credit can be claimed immediately upon receiving the input or capital items at the premises where dutiable finished goods are manufactured or from where output services are provided. (AI Summary)