Cenvat credit
This query is : Resolved
29 December 2013
I
hav imported a machinery so CVD is charged @10cent and additional duty
@4 cent. So are these both duty eligible for setoff against service
tax??
hav imported a machinery so CVD is charged @10cent and additional duty
@4 cent. So are these both duty eligible for setoff against service
tax??
29 December 2013
CVD is not eligible for deduction, Additional duty you can claim 50% during the procurement year and balance 50% in subsequent year.
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