Excise input and vat input on electronic weighing machine

Dear Sir

Please make assurance that such assets value with the value of ED is not to be dpreciated in books of Company. Assets Value excluding ED and DVAT is to be considered for depreciation.

Cenvat Credit can be availed on capital goods, but the credit should be taken in installments. 50% of the credit in the Financial year in which the goods are received and the remaining 50% in the next financial year or subsequent years. For Capital goods received in March, 50% credit can be taken in March and the balance 50% can be taken in April as they fall under two financial years.