Conditions for allowing Cenvat Credit (Rule 4 of the CCR):

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....redit are shown below: Credit of duty paid on the inputs is available immediately on receipt of the inputs in the factory of the manufacturer/premises of the output service provider. Cenvat Credit in respect of input service would be allowed on or after the date payment is made for the value of input service and the Service Tax as indicated in the invoice/bill/Challan. * Credit is allowed even i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Balance credit would be allowed in any subsequent financial year provided the Capital goods are still in possession and use of the manufacturer / provider of output service (This condition is not applicable to components, spares and accessories, moulds and dies, refractories and refractory materials and goods falling under Heading 68.02 and sub-heading 6801.10). * Credit is not allowed on such q....