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input cerdit

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(Querist)
12 October 2010 please suggest i have making a power plant , so i have purchase a boiler please suggest whether i can avail cenvat cerdit (input)on boiler parts
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
12 October 2010 Yes, you can take cenvat credit all machinery.
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CA Amit Joshi

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CA Amit Joshi (Expert)
13 October 2010 Yes you can,
But only 50% in First year and next 50% in second year.
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