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Cenvat cresit on staff bus purchased

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(Querist)
29 November 2012 whether staff bus purchased by company eligible as the capital goods and hence, 50% credit in first year and remaining in subsequent year?

plz assist me as per the ammendment in the definition of capital goods wef 1/4/2012.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
29 November 2012 Staff Bus is not a capital goods as per definition of capital goods under canvat credit rules, hence you are not eligible for cenvat credit
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