Input on excise


This query is : Resolved 

(Querist)
26 December 2013 Dear all

if purchase fixed asset excise duty we have to 50% this year and another 5% next year.

If purchase of space parts of fixed assets what is the process.

Thanking You

Amruth Kumar

TRINATH (Expert)
26 December 2013 AT THE TIME OF INSTALLATION U CAN TAKE CREDIT.
OTHER WISE ONCE CONFIRM TO YOU AO(CE)

Tnks,

amruth (Querist)
26 December 2013 Sir

my question is how can spare parts cenvat credit can take it is 50% this years and 50% next are whole 100% at a time.


Thanking You

Amruth Kumar

TRINATH (Expert)
26 December 2013 you can take credit 50 % in this year
another 50% next FY.

Tnks,


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