cenvat credit

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lohithakshan u k (Querist)
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04 January 2008 ON OUR BILL WE ARE CHARGING SERVICE TAX. I WOULD LIKE TO KNOW WHETHER WE CAN CLAIM CENVAT CREDIT FOR THE AMOUNT PAID BY US TOWARDS CENTRAL EXCISE DUTY FOR THE PURCHASE OF MACHINEERY.AND IS THERE ANY CHANCE OF CREDIT FOR EDUCATIONAL CESS.

CA Ghanshyam Baheti

CA Ghanshyam Baheti (Expert)
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04 January 2008 hi lohi (hope you wont mind) i had uploaded a cenvat rules in gist format you can make a reference in that file just see my uploaded file there one file named cenvat and central excise. answering to your query cenvat credit on capital goods can be availed 50% in first year and remaing next year however if you proves that it ll consume in that year only than full credit can be taken and yes the credit on Ed cess is also available .Plz make a reference for ypour perusal

chal tk care man.