TaxTMI 
TaxTMI 
Availing cenvat on the premises under construction
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....vailing cenvat on the premises under construction<br> Query (Issue) Started By: - Vinod Dated:- 8-2-2007 Last Reply Date:- 17-2-2007 Service Tax<br>Got 2 Replies<br>Service Tax<br>We are having Centra....
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....lised Registration and having 2 plant in running conditions while our 2 plants are under constuction. All these plant are of same nature and output service provided or to be provided are same. At this....
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.... moment we are taking cenvat credit of all 4 plants while there is no output from our 2 plants (which are under constrcution). Is this right to consument all cenvat credit of plant under construction ....
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....form plant which are running at 100% capicity. Reply By Surender Gupta: The Reply: Apparently, I see no problem but for the sake of avoiding future problems and inconvenience due to unwarranted litig....
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....ation, you should not avail the Cenvat Credit in respect of two plants which are under construction. This credit should be accumulated till the plants starts functioning and thereafter, you should uti....
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....lize this Cenvat Credit. Reply By Madhukar N Hiregange: The Reply: There have been similar cases for alomost a decade in Modvat/ cenvta credit. In my view you are entitled to avail and utilsie the cre....
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