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Excise duty on Capital Goods

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(Querist)
28 June 2010 How to take credit of the Excise Duty paid on Capital Goods?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
28 June 2010 credit will be available 50% on the year of purchase and balance in the next year.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
28 June 2010 50% cenvat available in the year of purchase and balance 50% in next year or any subsequent year.
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CA Shiv

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CA Shiv (Expert)
29 June 2010 Its UPTO 50% and remaining in the next year.......

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