Full Cenvat Credit on CAPITAL GOODS in 1st year

satya (Executive Excise) (1839 Points)

26 February 2010  

12:45 Full CENVAT credit on Cap Goods in 1st Year itself: Ernst & Young

Dear Sir(s),

Please Clarify my doubt; 

What is the present status of Cenvat Credit on Capital Goods for availment in a Financial Year.