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Cenvat of excise paid

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2010 I have taken Cenvat Credit of 30% of Excise paid on capital goods while calculating my service tax liability last year. Now, this year, can I adjust my service tax liability with remaining 70% amount of excise paid on capital goods earlier.?????
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
22 June 2010 Yes. you can, provided you have not claimed depreciation of the remaining 70%.
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