https://www.taxtmi.com/forum/issue?id=111163 Credit on capital goods must be taken in two instalments-50% in the financial year of receipt and the balance in subsequent years. The introduc tion of a proviso to rule 4(1) raises a one year limitation issue: one view treats delayed first instalment claims as time barred and audit vulnerable, while others contend the remaining instalment remains claimable later and advise claiming substantial credits with intimation to the department. en-us Sat, 26 Nov 2016 13:19:59 +0530 Thu, 23 Jan 2025 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111163 Credit on capital goods must be taken in two instalments-50% in the financial year of receipt and the balance in subsequent years. The introduc tion of a proviso to rule 4(1) raises a one year limitation issue: one view treats delayed first instalment claims as time barred and audit vulnerable, while others contend the remaining instalment remains claimable later and advise claiming substantial credits with intimation to the department. Discussion-Forum Central Excise Sat, 26 Nov 2016 13:19:59 +0530 https://www.taxtmi.com/forum/issue?id=111163