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query about itc on unsold stock

This query is : Resolved 
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29 June 2017 Plz help , m i corect? I am importing goods for resale paying custom duty (cvd+sad) I have 50lakh stock unsold as of today. Out of which 30lakh is imported in last 6months 10lakh old stock of more den 12months 10lkah worth stock i purchaed from other loca importers in last 3months So On 30lakh import goods (100% itc ) all duty docs avlbl On 10lakh local purchs (40-60% itc) On 10lakh old stock (no itc) Am i correct?
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 June 2017 yes, you are right. You can get the ITC
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