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TMI BlogCapital Goods inward entryX X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Goods inward entry X X X X Extracts X X X X X X X X Extracts X X X X ..... tI/II, RG23C PtI/II) have been dispensed with. This does no mean that maintanenace of records are not required at all. The entry of goods received in factory may be done in private records maintained for the purpose. Dept. now relies on private records, the intimation of which is required to be submitted as per rule 16 of C.Ex Rules'02. Cenvat credit on capital goods may be availed in two equal in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stallments in consecutive financial years subject to condition that the same is used in or in relation to manufacture of final products and deprecation of duty portion has not been claimed. Reply By NEERAJ KUMAR, RANCHI: The Reply: I also agree with Mr Tiwari. Reply By pradeep khatri: The Reply: Such transaction must be recored in private records and the intimation of private record must be su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bmitted to the concerned authorities. CENVAT credit is available as per the amended definition of CENVAT credit Rules, 2004.
Reply By Himanshu Mehta:
The Reply:
Dear Sir,
First you take qty. in 23-C-I Capital Goods Register & Duty amount - 50% credit taken in 23-C-II Register.
if you have any other problem pl. mail [email protected]
thanks... X X X X Extracts X X X X X X X X Extracts X X X X
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