PROBLEM IN EXCISE ( CIN)MM

[Former Member]

Dear cons

I have been facing a problem since long.In capital goods transfer of credit (t-code- J2I8) we can utilize 50% of BED in this year & rest 50% in other year. Then how can we utilize 50% of AED in this year & rest in other year. What is the procedure for this? We are facing problem in the AED case

regards,

nrk

[Former Member · Accepted solution]

hey,

As per law u can avail 100% credit of AED on capital goods in the first year only.

dont need to bifurgate the same.Its not the problem its a standard functinality

regards,

sujit

[Former Member]

hi

Now the excise w.r.t capital goods have been changed.

You can avail 100% credit in the first year itself.