input credit

dear friends
one of the my client is a service provider. he has imported two machines, one in the year 2005-2006 and second in 2006-2007. duty has been paid about rs.10 lacs. in the year 2006-2007, he has deposited rs. 15 lacs as service tax with out taking input credit. can we claim for refund on the same? under which rule?
pl reply soon so that we can claim for redund/ adjusment/credit in the return to be filed before 25.04.07.
Replies (3)
Dear friend

The Cenvat  credit  in respect of capital goods received in a factory or in premises of the provider of output services at any point of time in a given financial year shall be taken only amount not exceeding 50% of the duty paid on such capital goods in the [b] same financial year[/b]
The balance of cenvat  credit  may be taken  in  [b]any financial year[/b] subsequent to the financial year in which capital goods were received  in the factory of the manufacturer or in the premises  of the output service provider

Where assessee has paid to the credit of  Central Gov service tax in respect of a taxable service , which is not so provided by him either wholly or partially for any reason , the assessee may adjust the excess service tax so paid by him against his service tax liability for the subsequent period ,
with regard
rajesh

Dear Friend
I discussed your matter with some experts
as per their view
[b]" no refund can be claimed in such situation. ..... though
credit can be utilized subsequently (i.e. for payment of ST on future
services)

   question of refund shall not arise as you have not paid any ST in excess
... you have paid what was due from your side ...though u have paid in cash  "
  [/b]

Rajesh

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