https://www.taxtmi.com/forum/issue?id=299 Where no depreciation has been availed on the portion of an asset attributable to Cenvat credit, the taxpayer may claim the Cenvat credit amount in the first year and defer the balance to the subsequent year in accordance with the allocation mechanism under Rule 4(4). en-us Thu, 14 Dec 2006 12:44:49 +0530 Thu, 23 Jan 2025 15:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=299 Where no depreciation has been availed on the portion of an asset attributable to Cenvat credit, the taxpayer may claim the Cenvat credit amount in the first year and defer the balance to the subsequent year in accordance with the allocation mechanism under Rule 4(4). Discussion-Forum Service Tax Thu, 14 Dec 2006 12:44:49 +0530 https://www.taxtmi.com/forum/issue?id=299