Can we avail cenvat credit on capital goods before commencement of production?
This query is : Resolved
25 November 2014
respected sir
please tell me whether we can avail cenvat credit on capital goods before commencement of production? under which section?
25 November 2014
yea you can avail the cenvat
26 November 2014
you can avail the credited on capital goods 50% in which year when received the goods . bal. 50% in next year.
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