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Central Excise - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Cenvat Credit on capital goods - simultaneous availing ...

Central Excise

July 14, 2016

Cenvat Credit on capital goods - simultaneous availing depreciation - As per Rule 4(4), it clearly provides that only part of the value of capital goods which represents the amount of duty on such capital goods, which the assessee claimed as depreciation shall not be allowed as cenvat credit. - In the present case, the part of the value, which claimed as depreciation, is ₹ 16569/- only. Therefore, to this extent the appellant is not entitle for the cenvat credit - AT

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