Excise modvat on capital goods
This query is : Resolved
25 June 2016
Dear Sir/Madam
Can i Claim Excise Set-off 50% before used
Regards
Manoj Joshi
Can i Claim Excise Set-off 50% before used
Regards
Manoj Joshi
27 June 2016
Yes, you can take the credit of capital goods 50% current year and 50% next financial year. If value of the goods is less than 10000/- then you can take the 100% credit of capital goods.
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