Availment of CENVAT credit on Capital Goods , Central Excise

[Suminder Patial]

Is the said statment is right Full CENVAT credit on Capital Goods in 1st Year itself - Budget 2010-11

Posts / Replies

[Mohammed Lakkadsha]

Yes, for SSI Units only..

[RAJESH MANGAL]

Yes by virtue of Notification No.06/2010 NT dt. 27.02.10 w.e.f. 01.04.2010.

[Rama Krishana]

In case of SSI units falling under central excise net. This benefit is not available for service provider

[Anish Jain]

It is wrong to say that full cenvat credit is available to ssi units only. Full cenvat credit is available to all those units who are eligible to become ssi unit whether they are ssi or not. in other terms if local sale i.e. sale in india is less than Rs. four crore during the year 2009-10 then you can claim full credit on capital goods in the year of purchase itself.