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Cenvat credit eligibility on plant & machinery

This query is : Resolved 
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(Querist)
12 July 2012 Hi all

Can any one provide me information relating to cenvat credit eligibility on purchase of plant and machinery for the manufacturers , whether it is 50 % or 100 % for the financial year 2011-12 .
If it is changed to full credit please provide the reference to the relevant sec or rule.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
12 July 2012 It is 50% in the one financial year, and balance in next year. No change. Please note that you should not claim depreciation benefit on the excise duty value under income tax act.
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