Cenvat credit on manufactured capital goods.

Dear Sir, Your question quite is not clear, still as per my understanding, Storage tank used for factory it is treated as a capital goods, You can take cenvat credit 50% in the financial year, remaining 50% should be for next financial year. for any further query pls feel free to contact us. Kumarhattanna @ gmail.com Regards Kumar

hello dear,

with respect to capital goods which are procured , 50% credit can be availed in the year or receipt and balance can be used in subsequent years. hope it will clear.

thanks

chirag