TaxTMI 
TaxTMI 
Dear Expert
We are setting up a new manufacturing facility apart from our existing manufacturing industry. Any provision is there to avail 100% CENVAT credit on capital equipment (Plant & Machinery) on receipt basis.
Cenvat Credit on Capital Goods
22 Jul 2016 
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Cenvat credit on capital goods: timing rules apportion claims across financial years, with narrow same-year exceptions.
Cenvat credit on capital goods is apportioned by timing: generally fifty percent of duty paid may be claimed in the year of receipt and the remaining fifty percent in the next financial year; exceptions permit full credit in the same year for eligible small-scale industry units and where capital goods are removed as such within the same financial year. (AI Summary)
Cenvat credit on capital goods is apportioned by timing: generally fifty percent of duty paid may be claimed in the year of receipt and the remaining fifty percent in the next financial year; exceptions permit full credit in the same year for eligible small-scale industry units and where capital goods are removed as such within the same financial year. (AI Summary)