100% cenvat credit on capital goods rule 4(2) ccr, 2004

This query is : Resolved

Jay (Querist)
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17 August 2015 Whether an assessee who is eligible to claim SSI exemption can book 100% cenvat credit wrt to Capital goods purchased in the first year itself??

Is it actually relevant that the assessee actually avails SSI exemption in order to book 100% cenvat credit in the year of purchase itself??

What if the assessee though eligible to claim SSI exemption, does not claim the exemption, can he still claim 100% credit in the first year itself???

Arun Kumar Singh

Arun Kumar Singh (Expert)
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17 August 2015 If assesse has been availing SSI exemption then he can claim 100% credit of capital goods otherwise 50% cenvat credit will be available.