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cenvat credit on capital goods.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2010 Is it possible to take the CENVAT credit on capital goods on the same year.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
02 August 2010 Yes, It is possible to take the full credit in the same year
a) if the same capital goods is removed as such.
b) Special additional duty of customs
c) If the assessee unit is eligible for SSI Exemption.

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