Cenvat on machinery

Hi,

We have registered under SSI two year back ( Now our turover is 15 Cr and Have machinery worth more than 1 Cr)

We have purchase a machinery for 47 lacs and Excise cenvat is 4.93 L, Can I claim the input of 100% in first year itself  or I am allowed to take only 50% of input in first year ?

 

Replies (1)

u are right, for capital goods, we can take only 50% in first year.

 

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