https://www.taxtmi.com/forum/issue?id=111173 Whether CENVAT credit on capital goods is barred by the conditional exemption hinges on use. If capital goods are exclusively used to manufacture exempted goods under the notification, credit is not available; if they are used for both exempted and dutiable goods, credit may be availed. An alternative interpretation confines the notification's restriction to inputs and input services and not to capital goods, while acknowledging that exclusive use for exempted manufacture triggers the time-related limitation under the Cenvat Credit Rules. en-us Tue, 29 Nov 2016 11:07:03 +0530 Thu, 23 Jan 2025 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111173 Whether CENVAT credit on capital goods is barred by the conditional exemption hinges on use. If capital goods are exclusively used to manufacture exempted goods under the notification, credit is not available; if they are used for both exempted and dutiable goods, credit may be availed. An alternative interpretation confines the notification's restriction to inputs and input services and not to capital goods, while acknowledging that exclusive use for exempted manufacture triggers the time-related limitation under the Cenvat Credit Rules. Discussion-Forum Central Excise Tue, 29 Nov 2016 11:07:03 +0530 https://www.taxtmi.com/forum/issue?id=111173