https://www.taxtmi.com/forum/issue?id=2814 Capital goods encompass specified machinery, pollution control equipment, components, moulds, refractories, tubes, pipes and specified vehicles used in manufacture or for providing output services. CENVAT credit on capital goods received in a factory or service premises is restricted to fifty per cent of the duty in the year of receipt, with the balance in later years, except that full credit is allowable if the capital goods are cleared as such in the same financial year; additional duty credit is allowed immediately on receipt and full-year allowance may apply where exemption eligibility rules are met. en-us Sun, 20 Feb 2011 04:33:46 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2814 Capital goods encompass specified machinery, pollution control equipment, components, moulds, refractories, tubes, pipes and specified vehicles used in manufacture or for providing output services. CENVAT credit on capital goods received in a factory or service premises is restricted to fifty per cent of the duty in the year of receipt, with the balance in later years, except that full credit is allowable if the capital goods are cleared as such in the same financial year; additional duty credit is allowed immediately on receipt and full-year allowance may apply where exemption eligibility rules are met. Discussion-Forum Central Excise Sun, 20 Feb 2011 04:33:46 +0530 https://www.taxtmi.com/forum/issue?id=2814