https://www.taxtmi.com/forum/issue?id=110894 Cenvat credit on capital goods bought during an exemption is permissible when the goods are not exclusively used for exempt supplies; the one year restriction does not apply to capital goods. Credit is barred where depreciation has been claimed on the excise component. Relevant Cenvat Credit Rules govern timing and proportionate quantification of credit, and both Board circulars and Tribunal decisions (noted by contributors) bear on temporal eligibility, with Notification No.13/2016 CE introducing a limited ineligibility window. en-us Sat, 10 Sep 2016 14:33:13 +0530 Thu, 23 Jan 2025 15:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110894 Cenvat credit on capital goods bought during an exemption is permissible when the goods are not exclusively used for exempt supplies; the one year restriction does not apply to capital goods. Credit is barred where depreciation has been claimed on the excise component. Relevant Cenvat Credit Rules govern timing and proportionate quantification of credit, and both Board circulars and Tribunal decisions (noted by contributors) bear on temporal eligibility, with Notification No.13/2016 CE introducing a limited ineligibility window. Discussion-Forum Central Excise Sat, 10 Sep 2016 14:33:13 +0530 https://www.taxtmi.com/forum/issue?id=110894