Cevnvat credit of excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2016
my company is service provider and purchase some capital assets like AC, computer and paid excise duty whether , compnany can avail cenvet credit please relpy this question with relevent section.
18 April 2016
yes, excise duty paid on capital goods can be taken as cenvat input..i.e. 50% in current year and 50% in next year and service tax input on installation charges can be taken 100% in the year of purchase itself.
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