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Machinery imported

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(Querist)
22 December 2015 We are registered under Service Tax . Recently, we have Imported a Machinery from Germany for Rs.52,00,000/= in which we have paid CVD & Addn Duty. Can we avail any exemption or any kind of set-off under Service tax act., If not, kindly let us know, any benerfit available under any other Act.,
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24 December 2015 Yes. but since it is capital goods, you can only claim 50% in first year and balance in next year.
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