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Excise modvat on capital goods

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(Querist)
25 June 2016 Dear Sir/Madam

Can i Claim Excise Set-off 50% before used

Regards
Manoj Joshi
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
27 June 2016 Yes, you can take the credit of capital goods 50% current year and 50% next financial year. If value of the goods is less than 10000/- then you can take the 100% credit of capital goods.

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