TMI BlogCenvat Credit on Capital GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert We are setting up a new manufacturing facility apart from our existing manufacturing industry. Any provision is there to avail 100% CENVAT credit on capital equipment (Plant Machinery) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on receipt basis. - Reply By MADAN RAHEJA - The Reply = Dear Sir,In terms of Rule 4(2)(a) it has to be fifty percent of duty paid on such goods in same financial year and balance fifty percent in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... next financial year.Thanks - Reply By Ganeshan Kalyani - The Reply = Sir, if you purchase capital goods on 31st March then you can take 50% on the same day and on 1st April you can take the balanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 50%. Thus within two days you can avail 100% Cenvat credit. You may plan according. Thanks. - Reply By KASTURI SETHI - The Reply = In terms of proviso to Rule 4 (2a) of Cenvat Credit Rules, 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 004 , inserted vide Notification No.6/2010-CE(NT) dated 27.2.10, an SSI unit can take full credit of duty paid on capital goods in the same year. Full credit can also be taken if the capital goods a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re to be removed as such in the same financial year. - Reply By Vivek anandhan - The Reply = Thanks to all - Cenvat Credit on Capital Goods - Query Started By: - Vivek anandhan Dated:- 22-7-2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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