https://www.taxtmi.com/forum/issue?id=3764 CENVAT credit on capital goods is time limited: partial credit may be taken in the year of receipt with the balance in subsequent years unless the capital goods are cleared as such in that same year, when full credit is allowed; an eligibility exception permits immediate full credit for assessees covered by certain exemption notifications. For items sent for job work that do not return within the prescribed period, the specific sub rule governs whether reversal is required. en-us Sun, 29 Jan 2012 11:25:29 +0530 Thu, 23 Jan 2025 15:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3764 CENVAT credit on capital goods is time limited: partial credit may be taken in the year of receipt with the balance in subsequent years unless the capital goods are cleared as such in that same year, when full credit is allowed; an eligibility exception permits immediate full credit for assessees covered by certain exemption notifications. For items sent for job work that do not return within the prescribed period, the specific sub rule governs whether reversal is required. Discussion-Forum Central Excise Sun, 29 Jan 2012 11:25:29 +0530 https://www.taxtmi.com/forum/issue?id=3764