Cvd credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2012
We purchased goods from an 100% EOU and paid CVD (Counter Veiling Duty), can we take 100% credit of CVD in the year of purchase.
19 August 2012
if the goods are inputs then 100%, if capital goods then 50% in current year and balance in next year. input credit will be only of CVD/EC/S&HSEC.
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