No Time Limit for CENVAT Credit on Capital Goods; Flexible Claim in Any Financial Year for Strategic Planning.

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Full Text of the Document

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....CENVAT Credit on capital goods - there is no time limit is stipulated under the Cenvat Scheme, for taking credit on capital goods, since as per the scheme, the balance credit can be deferred by an assessee to be taken in any financial year or years, subsequent to the financial year in which the capital goods were received.....