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Credit of excise

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2013 Whether credit of additional duty charged on capital asset as per excise rule is fully available or to make deferrment.
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CA. RAGHAV GARG

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CA. RAGHAV GARG (Expert)
27 June 2013 Credit allowed upto max of 50% in first year, and balance in Second Year
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2013 Sir, i am in confusion. i asking about addtional duty not of excise basic duty charged on capital asset purchased.
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