01 April 2010
please guide me... SSI unit who has just crossed the SSI limit wants to avail the cenvat credit on capital goods which is purchased during the period on which SSI exemption benefit was applicable..
02 April 2010
If in the same year it can. Even if purchased in previous year the credit can be availed 50% + 50% as long as deprecaition on the central excise duty has not been claimed.
CAclubindia
