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Cenvat Credit on Capital Goods

Central Excise - Started By: - Vivek anandhan - Dated:- 22-7-2016 Last Replied Date:- 23-7-2016 - Dear ExpertWe 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) 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 next .....

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