https://www.taxtmi.com/forum/issue?id=2532 Cenvat credit on capital goods can be availed during the exemption period while utilisation is deferred until excise liability arises; partial credit may be availed in the initial year under exemption and the balance availed in subsequent financial years for payment of duty when the unit crosses the turnover threshold and goods become excisable. en-us Wed, 22 Dec 2010 16:55:40 +0530 Thu, 23 Jan 2025 15:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2532 Cenvat credit on capital goods can be availed during the exemption period while utilisation is deferred until excise liability arises; partial credit may be availed in the initial year under exemption and the balance availed in subsequent financial years for payment of duty when the unit crosses the turnover threshold and goods become excisable. Discussion-Forum Central Excise Wed, 22 Dec 2010 16:55:40 +0530 https://www.taxtmi.com/forum/issue?id=2532