https://www.taxtmi.com/forum/issue?id=219 Cenvat credit on capital goods is available once the goods are received at the factory premises and is not dependent on installation or use; claimants must hold the invoice evidencing CENVAT and may avail credit in staged instalments across the year of receipt and subsequent years. No separate intimation to central excise authorities is required, and availing Cenvat credit on a machine precludes claiming income tax depreciation for that asset. en-us Wed, 21 Jun 2006 12:57:59 +0530 Thu, 23 Jan 2025 15:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=219 Cenvat credit on capital goods is available once the goods are received at the factory premises and is not dependent on installation or use; claimants must hold the invoice evidencing CENVAT and may avail credit in staged instalments across the year of receipt and subsequent years. No separate intimation to central excise authorities is required, and availing Cenvat credit on a machine precludes claiming income tax depreciation for that asset. Discussion-Forum Central Excise Wed, 21 Jun 2006 12:57:59 +0530 https://www.taxtmi.com/forum/issue?id=219