Will 100% cenvat allowed for for assessee not opt ssi exemn

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CA Abhishek Singh (Querist)
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15 September 2011 I was doing excise cenvat credit part from Bangar book. there was one question requiring to decide whether the mfr should opt for ssi exemption or not.

in both the case i.e. with ssi exemption and without ssi exemptionn -cenvat credit on capital goods at 100% has been taken.

i m confused about 100% allowability in the second case. please clarify

U S Sharma

U S Sharma (Expert)
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15 September 2011 Cenvat credit on inputs are barred under availment of SSI benefit, but Capital goods credit can be taken by "registered excise SSI assessee", the credit can be taken 50% in 1st year and balance in subsequent year(s) for both types of assesses