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    <title>Cenvat Credit issue at the time of Registration</title>
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    <description>Cenvat credit on inputs, inputs in final products, and pre registration capital goods is allowable when goods become excisable; upon registration the assessee must quantify admissible credit, provide documentary evidence and notify the jurisdictional Range Officer with stock details for physical verification. Capital goods credit acquired before registration may be accumulated under a value based exemption and utilised only after the exemption threshold is crossed; phased availing of capital goods credit across years is permissible.</description>
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      <description>Cenvat credit on inputs, inputs in final products, and pre registration capital goods is allowable when goods become excisable; upon registration the assessee must quantify admissible credit, provide documentary evidence and notify the jurisdictional Range Officer with stock details for physical verification. Capital goods credit acquired before registration may be accumulated under a value based exemption and utilised only after the exemption threshold is crossed; phased availing of capital goods credit across years is permissible.</description>
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