Question ID : 2502
CENVAT credit on Capital goods
We are a Manufacturg Concern. Recently we have imported a Mache from Germany. For staltion of the Mache we called a Team of Engeers from Germany and paid them fees Foreign Exchange. We have also deposited Service Tax on import of Service under Deemg Provision and there is no issue regardg it .Now the ed issue is whether we can avail 100 % Cenvat credit the first year on Service Tax paid or we should avail 50 % Cenvat credit first year 50 % subsequent fancial year sce we would be capitalisg the staltion fees paid. '
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