Input credit on import of tools / repair, Service Tax

[RAM AVTAR]

Whether CVD ( Custom duty ) paid for import of CONSUMABLE ITEM/ TOOLS in the nature of repair ( no capital assets , infact used for capital assets - wear and tear ) can be claimed as INPUT CREDIT under service Tax provision

PS: claiming the input credit on CVD Paid on import of capital assets in two years ( 50 % each )

Posts / Replies

[Naveed S]

Sir,

I am not able to fully understand your query correctly especially the P.S. clarification provided by you.

[PAWAN KUMAR]

Dear Sir,

As per my view, credit can be claimed as per capital goods provisions.