05 January 2016
hello, one of my client engaged in manufacturing of Oil field item and heavy capital item, imported some goods from USA and paid Custom duty, CVD.
whether client claim for Cenvat of CVD if 1): this imported Item is capital item 2): this item is other than consumable item
07 January 2016
my another query is if excise duty paid on spare part on machinery which purchases for repairs and maintenance for the same and this spare part expenses is a revenue expenses not a capitalised expenses. do i avail cenvat credit on purchase of spare part??? if avail then 50% or 100% in current year?
CAclubindia
