https://www.taxtmi.com/forum/issue?id=109353 CENVAT credit on capital goods acquired before excise registration may be claimed after registration provided the excise duty was not capitalised into the machinery's cost and depreciation was not claimed on that gross value in the income tax returns; if duty was capitalised and depreciation claimed, CENVAT credit cannot be availed, to avoid double benefit, a matter reviewed in tax audits. en-us Fri, 30 Oct 2015 12:33:18 +0530 Thu, 23 Jan 2025 15:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109353 CENVAT credit on capital goods acquired before excise registration may be claimed after registration provided the excise duty was not capitalised into the machinery's cost and depreciation was not claimed on that gross value in the income tax returns; if duty was capitalised and depreciation claimed, CENVAT credit cannot be availed, to avoid double benefit, a matter reviewed in tax audits. Discussion-Forum Central Excise Fri, 30 Oct 2015 12:33:18 +0530 https://www.taxtmi.com/forum/issue?id=109353