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Credit of Additional Duty of Custom u/s 3(5)

This query is : Resolved 
 

(Querist) 23 August 2008

Can a service tax provider take credit of Additional duty of custom u/s 3(5) under Custom Tariff Act for paying service tax collected


Aman Mirza (Expert) 23 August 2008

No,
Additional duty of custom can not be taken as input credit only CVD can be taken as credit by service tax provider.and also cvd paid on capital item can be taken as input credit by a service provider the credit can be taken in two installment 50% in which year purchased or used and bal 50% next financial year



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