Cenvat Credit on Capital Goods Allowed in Later Years Despite Initial Depreciation Claims: Rule 4(4) Clarified.

Cenvat Credit on Capital Goods Allowed in Later Years Despite Initial Depreciation Claims: Rule 4(4) Clarified. https://www.taxtmi.com/highlights?id=32271 The provision of Rule 4(4) of Cenvat Credit Rules, 2004 does not bar the assessee form taking cenvat credit on capital goods in the subsequent year after availing benefit of depreciation under IT Act in the year of receipt of capital gods. - AT en-us Tue, 29 Nov 2016 10:35:22 +0530 Tue, 29 Nov 2016 10:35:22 +0530 TaxTMI RSS Generator Cenvat Credit on Capital Goods Allowed in Later Years Despite Initial Depreciation Claims: Rule 4(4) Clarified. https://www.taxtmi.com/highlights?id=32271 The provision of Rule 4(4) of Cenvat Credit Rules, 2004 does not bar the assessee form taking cenvat credit on capital goods in the subsequent year after availing benefit of depreciation under IT Act in the year of receipt of capital gods. - AT Highlights Central Excise Tue, 29 Nov 2016 10:35:22 +0530 https://www.taxtmi.com/highlights?id=32271