https://www.taxtmi.com/article/detailed?id=223 Cenvat credit may be claimed on excise duty paid on capital goods used in manufacture or in providing taxable output services, subject to definitions, exclusions and conditions. Partial credit is restricted in the year of receipt with balance in subsequent years; full credit is allowed if goods are cleared in the same year. Credit sent to job workers is allowable if returned within the prescribed period otherwise attributable credit must be repaid; removal, write off or exclusive use for exempted outputs triggers reversal obligations. Wrongful availment attracts confiscation and penalties. en-us Wed, 12 Nov 2008 00:00:00 +0530 Thu, 10 Dec 2009 21:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=223 Cenvat credit may be claimed on excise duty paid on capital goods used in manufacture or in providing taxable output services, subject to definitions, exclusions and conditions. Partial credit is restricted in the year of receipt with balance in subsequent years; full credit is allowed if goods are cleared in the same year. Credit sent to job workers is allowable if returned within the prescribed period otherwise attributable credit must be repaid; removal, write off or exclusive use for exempted outputs triggers reversal obligations. Wrongful availment attracts confiscation and penalties. Articles Cenvat Credit Wed, 12 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=223