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Central Excise - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

The provision of Rule 4(4) of Cenvat Credit Rules, 2004 does not ...


Cenvat Credit on Capital Goods Allowed in Later Years Despite Initial Depreciation Claims: Rule 4(4) Clarified.

November 29, 2016

Case Laws     Central Excise     AT

The provision of Rule 4(4) of Cenvat Credit Rules, 2004 does not bar the assessee form taking cenvat credit on capital goods in the subsequent year after availing benefit of depreciation under IT Act in the year of receipt of capital gods. - AT

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