Cenvat credit on capital goods

This query is : Resolved

santhosh krishna (Querist)
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24 July 2013 One company manufactures excisable goods
The company is in initial stage and having capital work in progress on which cenvat input is available
How to claim credit
The company has no manufacturing during the current year but has capitalization

Prashanth

Prashanth (Expert)
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25 July 2013 Hello,

you are eligible to claim Cenvat Credit on Capital goods upto 50% in the year of receipt and balance in the subsequent year.

So you can claim the same without any doubt.