TaxTMI 
TaxTMI 
Whether I can Take cenvat in case I have partially paid for the fixed asset i.e I have paid ₹ 30Lacs against invoice of ₹ 1 crore and ₹ 70 Lacs has been write off in the books of A/c's after 2 fy year.Whther cenvat credit will be allowed on full amt or partial amt.
Cenvat Credit Rule
14 Dec 2017 
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Cenvat credit: Partial write off of capital goods triggers proportionate reversal of credit under applicable rules.
Where capital goods are partially written off in the books, the credit attributable to the written off portion must be reversed proportionately under the Cenvat regime; although some contend full credit remains admissible if the asset is not derecognised, a subsequent partial write off triggers a proportionate reversal obligation. (AI Summary)
Where capital goods are partially written off in the books, the credit attributable to the written off portion must be reversed proportionately under the Cenvat regime; although some contend full credit remains admissible if the asset is not derecognised, a subsequent partial write off triggers a proportionate reversal obligation. (AI Summary)