https://www.taxtmi.com/forum/issue?id=5341 The permission conditions bar availing Cenvat credit until materials kept outside the registered premises are returned or consumed; recording credit in a suspense account and showing that balance as a current asset would be treated as availing the credit and risk noncompliance. The advised course is to seek formal clarification from the jurisdictional excise authority before recognising such entries as Cenvat credit. en-us Sat, 23 Feb 2013 17:25:44 +0530 Thu, 23 Jan 2025 15:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5341 The permission conditions bar availing Cenvat credit until materials kept outside the registered premises are returned or consumed; recording credit in a suspense account and showing that balance as a current asset would be treated as availing the credit and risk noncompliance. The advised course is to seek formal clarification from the jurisdictional excise authority before recognising such entries as Cenvat credit. Discussion-Forum Central Excise Sat, 23 Feb 2013 17:25:44 +0530 https://www.taxtmi.com/forum/issue?id=5341