https://www.taxtmi.com/article/detailed?id=5964 Cenvat credit on capital goods is available immediately on receipt at the factory; installation is not required. Credit is limited where capital goods are exclusively used for exempt final products or output services, but becomes available if such goods are later employed for excisable manufacture. Capital goods obtained on hire purchase, lease or loan qualify for credit. A general fifty percent utilisation restriction in the first year was noted, with a clarification that Rule 4(2)(a) CCR 2004 permits immediate and full credit of the additional duty under the Customs Tariff Act for capital goods. en-us Tue, 23 Dec 2014 06:04:59 +0530 Tue, 23 Dec 2014 06:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5964 Cenvat credit on capital goods is available immediately on receipt at the factory; installation is not required. Credit is limited where capital goods are exclusively used for exempt final products or output services, but becomes available if such goods are later employed for excisable manufacture. Capital goods obtained on hire purchase, lease or loan qualify for credit. A general fifty percent utilisation restriction in the first year was noted, with a clarification that Rule 4(2)(a) CCR 2004 permits immediate and full credit of the additional duty under the Customs Tariff Act for capital goods. Articles Cenvat Credit Tue, 23 Dec 2014 06:04:59 +0530 https://www.taxtmi.com/article/detailed?id=5964