https://www.taxtmi.com/article/detailed?id=5437 Manufacturers crossing the SSI exemption should register before crossing or before purchasing capital goods to preserve cenvat credit and file returns accordingly. Rule 11(2) mandates reversal only for inputs in stock, in process, or contained in final products and does not cover capital goods, permitting deferment of credit on current year capital goods. Prior year capital goods may be credited if available when duty liability begins, with a prudent approach to claim pro rata depreciated value. These claims attract departmental scrutiny and potential show cause notices. en-us Thu, 16 Jan 2014 09:55:08 +0530 Thu, 16 Jan 2014 09:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5437 Manufacturers crossing the SSI exemption should register before crossing or before purchasing capital goods to preserve cenvat credit and file returns accordingly. Rule 11(2) mandates reversal only for inputs in stock, in process, or contained in final products and does not cover capital goods, permitting deferment of credit on current year capital goods. Prior year capital goods may be credited if available when duty liability begins, with a prudent approach to claim pro rata depreciated value. These claims attract departmental scrutiny and potential show cause notices. Articles Central Excise Thu, 16 Jan 2014 09:55:08 +0530 https://www.taxtmi.com/article/detailed?id=5437