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Whether ADD CVD be taken as CENVAT

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..... Whether ADD CVD be taken as CENVAT
Query (Issue) Started By: - Rabindra Mohanty Dated:- 28-1-2011 Last Reply Date:- 28-5-2011 Central Excise
Got 2 Replies
Central Excise
Dear Sir How can .....

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..... I treat in books of account when found a invoice with (value+ED/CVD Value+Ed Cess Value+H. Sec. ED. Cess+ADD CVD in case of manufacturing company purchasing capital goods. Plz suggest me. Reply By .....

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..... Surender Gupta: The Reply: A manufacturer is eligible to take cenvat credit of CVD (additional duty equal to central excise) and SAD equal to 4% where the goods are used as inputs or capital goods. .....

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..... Reply By pradeep khatri: The Reply: Further, on CVD & ON Cess you will get 50% CENVAT credit but on SAD @ 4% you will get full CENVAT credit in the first year itself.
Discussion Forum - Knowledge .....

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..... Sharing .....

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