TaxTMI 
TaxTMI 
Caliming of cenvat with a view of provisons of Rule 4(4)
X X X X Extracts X X X X
X X X X Extracts X X X X
....aliming of cenvat with a view of provisons of Rule 4(4)<br> Query (Issue) Started By: - Tilak Minocha Dated:- 14-12-2006 Last Reply Date:- 15-12-2006 Service Tax<br>Got 1 Reply<br>Service Tax<br>pleas....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e clarify the provisions of Rule 4(4) of Cenvat Credit Rule, 2004 w.r.t. the following example: Cost of Asset=100 (basic) Excise on above=16 Cenvat Claim in first year=50% of 16=8 Depreciation claimed....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... in first year=100*15%=15 How much Cenvat can be claimed in the first year and second year keeping in view the provisons of Rule 4(4) Reply By Surender Gupta: The Reply: In the query it is clear tha....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t you have not availed any depreciation on the portion of Cenvat Credit, therefore, you are eligible to claim cenvat credit of Rs. 8 the first year adn balance of Rs. 8 in the subsequent year.<br> Dis....
X X X X Extracts X X X X
X X X X Extracts X X X X
....cussion Forum - Knowledge Sharing ....