Cenvat on capitalgoods
This query is : Open
16 July 2015
I AM MANUFACTURERE, I take cenvat credit on capital goods 50% in first year and also in first year i remove that capital goods removal as such then what about remaining cenvat credit of next year
16 July 2015
You will not be available with the remaining CENVAT and regarding the CENVAT you have taken it will be payable by you as removal as such is subject to reversal of CENVAT credit.
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