Cenvat Credit on capital goods for SSI
This query is : Resolved
01 April 2010
please guide me...
SSI unit who has just crossed the SSI limit wants to avail the cenvat credit on capital goods which is purchased during the period on which SSI exemption benefit was applicable..
Can it be done for the remaining 50% of credit???
THank U
Arijeet Das
SSI unit who has just crossed the SSI limit wants to avail the cenvat credit on capital goods which is purchased during the period on which SSI exemption benefit was applicable..
Can it be done for the remaining 50% of credit???
THank U
Arijeet Das
02 April 2010
If in the same year it can. Even if purchased in previous year the credit can be availed 50% + 50% as long as deprecaition on the central excise duty has not been claimed.
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