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Mar 11, 2010 at 05:22 PM

Cenvat postings for assets

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Dear MM Gurus,

My issue is I have maintained a material as Asset in J1ID. I have created a PO and did GR in which 100% excise has been posted. In IR this value got knocked off. But where does it reflect that cenvat credit of 50% this year and 50 % next year.

Please explain me with configuration and account postings for this asset.

Thanks

Satish