Cenvat credit
This query is : Resolved
07 October 2013
we imported capital goods from Germany to India by paying applicable Duties.
Duty is ((BCD+CVD+EDU+SHE CESS+SAD) as per cenvat credit rules we can take cenvat credit on CVD and SAD.should we take only 50%on CVD &SAD or can we take CVD on 50% & SAD 100%?
Duty is ((BCD+CVD+EDU+SHE CESS+SAD) as per cenvat credit rules we can take cenvat credit on CVD and SAD.should we take only 50%on CVD &SAD or can we take CVD on 50% & SAD 100%?
Arun Kumar Singh
(Expert)
09 October 2013
You can take CVD on 50% and SAD 100%. SSI unit can take the 100% cenvat credit in one time.
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