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TMI BlogCenvat credit issueX X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat credit issue X X X X Extracts X X X X X X X X Extracts X X X X ..... g company , we have take a permission from Central excise for raw material , Semi-finished goods and finished Goods stores outside factory premises. Central Excise department impose one condition tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t U can not take cenvat credit untill all material not received back your Excise registered premises or consumed. We have SAP System and untill we can not entry in SAP cenvat Accounts department not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payment to vender . So we have one option that we can take cenvat in suspense account ( Cenvat receivable ) and payment to party . If all material received back in our premises or utilise we can JV e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntry and take cenvat . In the year end if any balance suspense account balance we can show in balance sheet Asset side ( NOT CENVAT CREDIT AMOUNT ) . Now my question is that all above transaction is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as per excise law or excise permission is ok or not ? Please guide to us . With regards, SNEHAL SHAH Reply By Pradeep Khatri: The Reply: Well, if you show the suspense account balance in curren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t assest then it would treated that you have availed the CENVAT credit. Please discuss it with your jurisdictional C.E. Authority. X X X X Extracts X X X X X X X X Extracts X X X X
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