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100% claim of cenvat on capital goods

This query is : Resolved 

03 September 2013 Mr. Expert,

A company has imported machinery from Italy.
Due to delay in receipt of Bill of entry, 50% of Cenvat could not claimed in same financial year.

Can 100% cenvat paid be claimed in 2nd financial year on receipt of bill entry and respective cenvat documetns????

Please guide

05 September 2013 Yes, you can take the 100% cenvat credit in the next financial year.

05 September 2013 Thanks Mr. Arun.
Would like to tell me reference of Rule.




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