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Credit on Capital Goods (Most Urgent)

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(Querist)
29 July 2009 We are the exporter and we purchased a machinery for 120000/- and Vat amount is 15000/- from delhi dealer can we take the credit in dvat return if "yes" Please tell us the percentage.
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Vishnu Saboo

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Vishnu Saboo (Expert)
29 July 2009 100% but condition is that u have to keep this machinary minimum 5 years, other wise you can avail the credit 20% in each year.
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Ravi

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Ravi (Querist)
30 July 2009 Thanks for your early response.


Sir, which period we can claim for each year, what record should be maintain by us.
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