Sir,
Our Company has imported one machinery from Germany in 2009. by mistake we are not avail credit (duty amount 50% current year & 50% next subsquent yerar),
Can we take 100% duty in this year of need to take 50% this year and balance 50% in next year.please clarify
I think i can be availed because there will be no time limit for utilisation of CENVAT Credit.......
Till the goods are in the possession ......it can be availed.......
K R Kiran Kumar & Associates
Bengaluru
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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Rohit KC Jain & Co
New Delhi
CA Inter
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CCI
Pro
CAclubindia
