Cnevat of AED paid on Capital Goods, Central Excise

[Vinay Kunte]

Is 100% Cenvat Credit of AED Paid @4% on imported capital goods allowed in the first year? If yes, under which provision?

Can the experts put some light on the issue which is being raised under the EA 2k Audit now underway from FY 2015-16 onwards?

Posts / Replies

[YAGAY andSUN]

Dear Kasturi Sir,

If you do not write a book on Indirect Taxation, then it is O.K. But please start compiling your knowledge in just 250 odd pages, so that we all be benefited from it. It is soft challenge for you Sir. Please accept it and complete the task for our benefits. We are all with your Sir.

Regards,

YAGAY and SUN

[KASTURI SETHI]

M/s. Yagay and Sun,

Sir, I am very thankful to you for considering me capable for this. I shall make an attempt as per your advice.

I am also thankful to Sh.Himanshu Sekher Ji and Sh.Ganeshan Kalyani Ji for considering me capable for such creative work.

[Himansu Sekhar]

thank you Ganedh Kalyaniji