CENVAT Credit Eligibility Depends on Final Product's Dutiability When Capital Goods are Received, Not Later Exemptions.

CENVAT Credit Eligibility Depends on Final Product's Dutiability When Capital Goods are Received, Not Later Exemptions. https://www.taxtmi.com/highlights?id=32902 CENVAT credit on Capital goods - capital goods were used for the manufacture of excisable goods on which duty was paid - subsequently assessee opted for exemption - eligibility of Cenvat credit is to be determined with reference to the dutiability of the final product on the date of receipt of capital goods. - AT en-us Thu, 19 Jan 2017 08:29:03 +0530 Thu, 19 Jan 2017 08:29:03 +0530 TaxTMI RSS Generator CENVAT Credit Eligibility Depends on Final Product's Dutiability When Capital Goods are Received, Not Later Exemptions. https://www.taxtmi.com/highlights?id=32902 CENVAT credit on Capital goods - capital goods were used for the manufacture of excisable goods on which duty was paid - subsequently assessee opted for exemption - eligibility of Cenvat credit is to be determined with reference to the dutiability of the final product on the date of receipt of capital goods. - AT Highlights Central Excise Thu, 19 Jan 2017 08:29:03 +0530 https://www.taxtmi.com/highlights?id=32902