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Credit on capital goods

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(Querist)
15 May 2014 If the credit allowed in first year @ 50% is not taken in the year 1, can one use the 100% credit in any one subsequent year?
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KUMAR trp707@gmail.com

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KUMAR trp707@gmail.com (Expert)
16 May 2014 YES
CENVAT CREDIT USE NEXT SUBSEQUENT YEARS REMAINING CENVAT CREDIT.
RULE 3 CENVAT CREDIT

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