Cenvat credit on imported capital goods

hai, pls help to calculate cenvat credit on imported machinery ( capital good s for manufacturing unit). some  machinery purchased in the previous year  and others in current year. we register in central excise in the current year.  How we calculate the cenvat credit on the machinery in the previous year and current year.

 

Replies (4)

You can avail full credit on capital goods received in the previous year and 50% credit on thr goods received in the current year.

 

R C Verma  Advocate

advrcverma @ gmail.com

Mob:09810525780

Dear Manu

For Further Information please go through the Cenvat credit rules 2004, 4(2)(a)

Regards

Kumar

 

The year you register youself in Excise avail 50% of the credit and avail 50% in the next financial year.The date of purchase has no bearing in avaiment of Cenvat Credit.

Originally posted by : Manu

hai, pls help to calculate cenvat credit on imported machinery ( capital good s for manufacturing unit). some  machinery purchased in the previous year  and others in current year. we register in central excise in the current year.  How we calculate the cenvat credit on the machinery in the previous year and current year.

 

yoy can claim 100% credit in current year in respect of machinery purchased in previous year.Subject to condition that you have not claimed depreciation under income tax as per section 32 on that part of the value of capital goods, which represents the amount of duty on such capital goods. 

And

50% credit in respect of machinery purchased in current year.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details