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Cenvat credit on capital goods

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(Querist)
12 August 2013 I have a doubt regarding Service Tax and it's CENVAT Credits. The Client Purchased a Capital Asset During the year and paid the Excise duty on it. The question is whether a Service Provider can claim Excise Duty on Capital Goods from Service Tax payable?,
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
12 August 2013 Yes 50% in the year of receipt and 50% in the subsequent years as long as the same is used in providing services liable to tax.
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