Capital goods depriciation

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....apital goods depriciation<br> Query (Issue) Started By: - yateen vyas Dated:- 23-1-2013 Last Reply Date:- 24-1-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>Sir, Please define sub rule (4) ....

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....of Rule 4 of Cenvat Credit Rule, 2004. Explain it with an example. Reply By Pradeep Khatri: The Reply: It means that if you avail the CENVAT credit on the Capital Goods then on the amount so availed....

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.... as CENVAT credit, you will not charge the Depreciation. Exihibit: Cost of the Capital goods (Say Rs. 5000/-) Excise duty is Rs. 600/- and if you avail the CENVAT credit of Rs. 600/- then you can'....

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....t capitalized goods at Rs. 5600/- Hence, you would have to avail the Depreciation on Rs. 5000/-<br> Discussion Forum - Knowledge Sharing ....