hi
as far as the rule of government is concerned we take 50%cenvat credit this year and 50% cenvat
credit next year for capital goods.so 50% of the excise duty goes to cenvat account and 50%
excise duty goes to cenvat on hold account.but can anyone tell me what is the purpose of maintaining cenvat account and what is purpose of PLA(personal ledger account)
regards
sanjay