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Capital cenvat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2013 DEAR SIR,

BEFORE SOM DAYS AGO I HEARD THAT WE CAN TAKE THE CAPITAL CREDIT 100%. IS IT CORRECT OR NOT? PL. LET ME KNOW.
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
19 April 2013 There are three cases where you can take 100% credit of duty paid on capital goods.

1. Any SAD u/s 3(5) of Customs Tariff Act;
2. Any eligible SSI (irrespective of actual SSI)
3. Capital goods are removed as such in the same financial year.
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