TaxTMI 
TaxTMI 
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
Mega project Fresh investment incl. CENVATE taken Amount ?
05 Jun 2016 
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Eligibility for Investment Incentives precludes previously installed assets with claimed CENVAT credit from fresh PSI scheme benefits.
PSI benefits depend on capital investment made after the scheme announcement and are calculated on that investment amount; assets already installed and for which CENVAT credit has been claimed do not qualify as fresh investment for entitlement to PSI benefits. (AI Summary)
PSI benefits depend on capital investment made after the scheme announcement and are calculated on that investment amount; assets already installed and for which CENVAT credit has been claimed do not qualify as fresh investment for entitlement to PSI benefits. (AI Summary)