Capital goods(machines) credit to be taken by ssi unit
This query is : Resolved
12 September 2015
Dear Sir,
we are a SSI unit availing modvat / cenvat credit from the beginning and also paying full duty for despatches from the begining.
As a SSI unit, availing cenvat credit from the begining and also paying full duty applicable for despatches from the beginning, what is the credit of duty can i take for capital goods ie cnc turning centre m/c-----50% or 100% credit duty?
we are a SSI unit availing modvat / cenvat credit from the beginning and also paying full duty for despatches from the begining.
As a SSI unit, availing cenvat credit from the begining and also paying full duty applicable for despatches from the beginning, what is the credit of duty can i take for capital goods ie cnc turning centre m/c-----50% or 100% credit duty?
Arun Kumar Singh
(Expert)
14 September 2015
The SSI unit can avail & utilise the 100% cenvat credit on capital goods.
Message likes :
1 times
14 September 2015
Mr. Arun kumar Singh,
At the outmost thankyou for the reply.
But can you elaborate further by giving the notification no and details.
Thanking you,
Rajendra M Ijare
At the outmost thankyou for the reply.
But can you elaborate further by giving the notification no and details.
Thanking you,
Rajendra M Ijare
Arun Kumar Singh
(Expert)
14 September 2015
If you want to know details about notification and circular then visit my profile and email me.
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