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(Querist)
10 September 2014 Can anyone please explain me what's the reason for making this provision (upto 50%of cenvat credit on capital goods only should be set off against tax payable in first year of purchase of capital goods)
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
11 September 2014 SSI unit can take the cenvat credit on capital goods 100%.
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NIKHITHA

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NIKHITHA (Querist)
13 September 2014 Sir,is there any logic behind for implementing this provision?
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