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Excise cenvat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2015 Dear experts
Please clarify weather excise cenvat paid on capital goods can be claimed 100% in this FY or not, if not then 50% will be claimed in next FY, please clarify the conditions for the same..

Thanx & Regard
Kamal Soni
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Nitin Bhuta

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Nitin Bhuta (Expert)
31 October 2015 Yes it can be claimed 50% in the first year and balance 50% in next year
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Nitin Bhuta

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Nitin Bhuta (Expert)
31 October 2015 Yes it can be claimed 50% in the first year and balance 50% in next year
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