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cenvat credit

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(Querist)
19 June 2008 I m Working in Service providing Firm.
i want to know wether Cenvat credit is available on Capital goods like Computers etc and
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Shekar

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Shekar (Expert)
19 June 2008 Yes..U can Cenvat credit on capital goods ,but u can take only 50% in the year of Purchase and the balance 50% in the next year..

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