Cenvat Credit on Capital Goods limited to phased take and subject to reversal on removal or write off. Cenvat credit on capital goods is confined to items within the statutory definition and is claimable in instalments, with immediate full allowance in specified cases. Office appliances are excluded for manufacturers but not for service providers. Credit is available on leased or financed acquisitions but barred where depreciation is claimed. Removal, write off, or exclusive use for exempt supplies triggers structured reversals or payment equal to credit taken; special rules apply for job worker transfers, project imports and capital goods cleared from export oriented units.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cenvat Credit on Capital Goods limited to phased take and subject to reversal on removal or write off.
Cenvat credit on capital goods is confined to items within the statutory definition and is claimable in instalments, with immediate full allowance in specified cases. Office appliances are excluded for manufacturers but not for service providers. Credit is available on leased or financed acquisitions but barred where depreciation is claimed. Removal, write off, or exclusive use for exempt supplies triggers structured reversals or payment equal to credit taken; special rules apply for job worker transfers, project imports and capital goods cleared from export oriented units.
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