TMI BlogThough the assessee is entitled to cenvat credit of 50% on the capital goods in the year of receipt/...Though the assessee is entitled to cenvat credit of 50% on the capital goods in the year of receipt/ balance 50% is available to them in subsequent year. Availing credit @ 100% on some invoices and not availing any credit in respect of other invoices in the same year cannot be appreciated. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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