Cenvat Credit on Supply of Tangible Goods

Dear Learned Members,

We have a Cranes Hiring Company which comes under the catageory of Sevice tax on Supply of Tangible Goods.

My question is regarding Cenvat Credit, can the service provider get the cenvat credit if they themself hire the Cranes from other source and then give it on hiring to others ? 

Let me conceptualise it :

X = Final Service Reciever. (Client)

Y = Intermediate Service Provider.

Z = Base Service Provider. (Crane Owner)

Now the Question is will "Y" recieve the Cenvat credit on the service tak paid to the "Z" which "Y" has recieved from "X".

** "Y" is registered in the service tax Catageory of Supply of Tangile Goods.