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Can i take input credit on capital goods of excixe & vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 March 2014 My company registered in excise and Purchase capital goods from other excisable registered company, Can I take Input credit of Excise & vat

Example:-

Purchae: (Fixture)---

Assessable Value: 34573

Excise @ 12% 4149
Edu. Cess 2% 83
S.H E 1% 41
Total Taxable Value 38846
Vat 13.13% 5099

what journal entries
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
25 March 2014 You can take the cenvat credit on inputs and capital goods.

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