Hi,
From the last year 2011, I heard that the cenvat credit for capital goods can be taken 100 % in the first year itself.
How to the make the changes accordingly so that the 100 % tax amount goes to cenvat account instead of posting 50% to cenvat account & 50 % to cenvat on-hold account and then doing J2I8 to transfer of credits from cenvat on-hold account to cenvat account.
Regards
Madhusudan