clarity of rule 4(4) of CENVAT CREDIT RULES

AJAY SIMHA (CMA - final) (190 Points)

09 October 2010  

I have doubt on rule 4(4) of CENVAT CREDIT RULES, 2004

  

    how relevent is this rule from cenvat credit point of view. how does it make a difference if the assessee claims full depreciation u/s 32 of IT ACT. on the amount which represents duty paid on CAPITAL GOODS.

 

Please help in clarifiying the above

reg

AJAY

CWA - INTER