https://www.taxtmi.com/forum/issue?id=346 Cenvat credit on capital goods may be split across financial years, allowing a portion of credit to be taken in the year when the invoice is received and the balance in the next financial year. This split is permitted where an invoice falls at year-end; the assessee may claim part immediately and the remainder after year-end, provided the capital goods are received at the assessee's premises for use in manufacturing excisable goods and the physical receipt requirement is met prior to availing the credit. en-us Sat, 24 Feb 2007 15:13:16 +0530 Thu, 23 Jan 2025 15:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=346 Cenvat credit on capital goods may be split across financial years, allowing a portion of credit to be taken in the year when the invoice is received and the balance in the next financial year. This split is permitted where an invoice falls at year-end; the assessee may claim part immediately and the remainder after year-end, provided the capital goods are received at the assessee's premises for use in manufacturing excisable goods and the physical receipt requirement is met prior to availing the credit. Discussion-Forum Service Tax Sat, 24 Feb 2007 15:13:16 +0530 https://www.taxtmi.com/forum/issue?id=346