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Cenvat on capital goods

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(Querist)
04 July 2013 R/sir,
if machinery purchase for the year 2012-2013 as below-
1. as on 2/5/2012 machinery is Rs. 50000 and duty is rs 6000+120+60 then can claim full cenvat or not in this year?

2. as on 14-3-2013 machine is rs. 10 lac and duty is rs. 120000+2400+1200 then cenvat can claim full in this year or not.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
05 July 2013 Only SSI unit can avail 100% cenvat credit in the same year. Otherwise 50% current year and 50% cenvat credit is available next year.
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