https://www.taxtmi.com/forum/issue?id=3841 CENVAT credit permits recovery of tax paid on inputs against excise liability. Engineering goods classified as input goods qualify for full credit in the year of receipt under Rule 2(k) of the Cenvat Credit Rules, 2004. Engineering goods classified under Chapters 82, 84 or 85 and treated as capital goods attract staged CENVAT credit, with half the eligible credit in the year of receipt and the remainder in the following year under Rule 2(a) of the Cenvat Credit Rules, 2004. en-us Wed, 22 Feb 2012 13:55:08 +0530 Thu, 23 Jan 2025 15:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3841 CENVAT credit permits recovery of tax paid on inputs against excise liability. Engineering goods classified as input goods qualify for full credit in the year of receipt under Rule 2(k) of the Cenvat Credit Rules, 2004. Engineering goods classified under Chapters 82, 84 or 85 and treated as capital goods attract staged CENVAT credit, with half the eligible credit in the year of receipt and the remainder in the following year under Rule 2(a) of the Cenvat Credit Rules, 2004. Discussion-Forum Central Excise Wed, 22 Feb 2012 13:55:08 +0530 https://www.taxtmi.com/forum/issue?id=3841