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Central Excise - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Cenvat credit - timing of availing the balance 50% of credit on ...


Court Clarifies Timing for Availing Remaining 50% Cenvat Credit on Capital Goods; "Possession" Equals "Use" for Credit Claim.

July 5, 2014

Case Laws     Central Excise     AT

Cenvat credit - timing of availing the balance 50% of credit on capital goods - the expressions “possession” and “use” had to be read together and once the goods are received, their actual installation and use may not be insisted upon. - AT

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