Cenat & dep.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2012 Dear Sir,

Can we get cenvat for Electronic Transformer Purchase for new factory ????

& Can we Claim Dep. on the Electronic Transformer as well as Weigh Bridge at new factory which is still under construction ???

neeraj

neeraj (Expert)
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17 October 2012 Yes u can take cenvat credit on electronic transformer as cenvat on capital goods i.e. 50% in CY and 50% in next year.
Further u cannot claim dep if asset is under construction and show it as capital WIP

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