Cenvat credit & depreciation on capital goods
This query is : Resolved
Venkat Iyer
(Querist)
22 August 2012
Sir,
Can Cenvat Credit & Depreciation be availed on the Capital Goods at the same time.
Kindly clarify please
Can Cenvat Credit & Depreciation be availed on the Capital Goods at the same time.
Kindly clarify please
22 August 2012
No, Under Rule 4 (4) of cenvat credit rules,2004 cenvat credit and deprecation can not be allowed on the same capital goods.
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