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Wednesday, March 3, 2010

Capitalization on Capital Goods

Capitalization on Capital Goods

Prepared By:
CA Pradeep Jain
Mayank Palgauta

The recent budget has made changes in respect of reversal of Cenvat credit on removal of capital goods. Through this piece, we are trying to analysis the same and seeing its impacts.

Amendment in the Budget:-

The second proviso to sub-rule 5 of Rule 3 has been substituted which reads as follows:-....read more

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