ADC on capital goods

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This query is : Resolved

Aravind (Querist)

23 October 2009 we are taking 50% of Excise Duty, E.C. & SHE.Cess and 100% input on Additional Duty of Customs on Capital Goods and remaining 50% of input transferred to upcoming year. is it right to take 100% input on ADC on capital goods instead of 50%? Please give us your valuable reply!

Ram Avtar Singh

Ram Avtar Singh (Expert)

23 October 2009 Yes you can take 100% Additional Duty on Import of capital goods.but wait for notification no. from other experts

Aravind

Aravind (Querist)

30 October 2009 sir,
for the above case notification nos. please...

Arbind Aggarwal

Arbind Aggarwal (Expert)

23 November 2009 This has been mentioned in the Cenvat Credit Rules itself that the credit of ADC can be taken 100%.

This was inserted by Notification No. 13/2005-CE (NT) dated 1.3.2005 in the Rule 4 (2), second proviso of the CCR 2004.

Aravind

Aravind (Querist)

23 November 2009 Thank your very much sir for your valuable reply with notification number.

Aravind Kumar

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