Cen vat credit on capital goods

This query is : Resolved

Rajeev (Querist)
Follow

30 July 2012 Dear Sir,

I am a manufacturer of auto part and i import a machinery on which i have paid cvd,additional duty , advise me now that can i avail total cenvat credit on one financial year (in one time )or 50% in current financial year and rest 50% in next financial year.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

30 July 2012 Yes you can avail the credit on the add duty + SAD- 50% in the year of receipt and the balance in the subsequent years as long as the same is used for manufacture of the goods on which duty of excise is payable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

vinod

sandhya.v

Suneel Shah

NICKOONJ VANANI

CA.K.RAMAKRISHNA. PRABHU

Subscribe Now

Cen vat credit on capital goods

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

CA Final

Accountant

GST CONSULTANCY