Excise duty on Capital Goods


This query is : Resolved 

(Querist)
28 June 2010 How to take credit of the Excise Duty paid on Capital Goods?

28 June 2010 credit will be available 50% on the year of purchase and balance in the next year.

28 June 2010 50% cenvat available in the year of purchase and balance 50% in next year or any subsequent year.

CA Shiv (Expert)
29 June 2010 Its UPTO 50% and remaining in the next year.......


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