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Central Excise - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

CENVAT credit - credit availed during setting up of the plant - ...


CENVAT Credit Allowed for Plant Setup and Operational Phase After Renovation and Modernization Period.

May 30, 2017

Case Laws     Central Excise     AT

CENVAT credit - credit availed during setting up of the plant - It is obvious that when the project work of renovation and modernization of the plant is undertaken, it takes some time and after gestation period, the plant comes into operation and whatever goods manufactured out of that plant is cleared on payment of duty - credit allowed - AT

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