Mega project Fresh investment incl. CENVATE taken Amount ?

[Amit Tapadia]

Even CENVATE credit taken Amounts (P&M) benefit once taken, Can Co. again claim as Fresh Investment under PSI 2013 Scheme ? Which criteria SICOM following while benefit provides agst PSI scheme. 'Investment which reflect under Sch-5 under Fixed Assets'. Or ' Payment made to Supplier agst FA'. Please clarify

AI Summary

Can a company claim PSI 2013 Scheme benefits for existing plant and machinery? Criteria focus on post-policy investments. A user inquired whether a company can claim a fresh investment benefit under the PSI 2013 Scheme for CENVATE credit taken amounts related to plant and machinery, and what criteria SICOM uses to provide benefits. The response clarified that government schemes like the Package Scheme of Investment offer benefits such as VAT exemptions based on capital investment. However, benefits typically apply to investments made after the policy announcement, implying that already installed assets would not qualify for such exemptions.