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Capital Goods Cr. in Cenvat & Depreciation.

This query is : Resolved 
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(Querist)
16 April 2010 Dear Sir,

Last year (2009-10) We have Purchased machinery. and taken the 50% credit of cenvat.
and now can we will claim for depreciation on the same ?

Pls help.

Thanks & Regards,

Rajendra Ahire
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
17 April 2010 This year you can claim the balance 50% of CED as credit.
Depreciation is to be net of credit.
Example- CG worth Rs. 100 CED Rs. 8/-
Deprecuiation only on 100 not on 108 or 104.

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