Doubt about availing 50% cenvat credit

Sir,

u can availe remain 50% in April-2011.

As per ccr 2004, credit of capital goods can be taken as and when assets received inthe factory for use it is not necessary to put to use that asset hence credit of up to 50% can be taken in f.y. 2010-11, and balance in april 11.

Cenvat credit can be taken 50% of the duty on capital goods as soon as they enter the premises.  So in your case you can claim 50% of the Cenvat Credit in F.Y.2010-11.  & the balance 50% you can claim in one or more subsequent years from F.Y.2011-12 & onwards

Dear Siddarth

You can avail the balance 50% in Apr-11.

Regards

HS Negi