about taking credit on the parts of machinery

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..... about taking credit on the parts of machinery
Query (Issue) Started By: - MEHUL ASHAR Dated:- 22-3-2012 Last Reply Date:- 22-3-2012 Central Excise
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Central Excise
Respected Sir .....

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..... , Is it necessary to take 100% credit(cenvat+4%import duty) of the parts of the machinery imported or 50% credit can be taken on that parts of the year in which it was purchased & remaining 50% in .....

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..... the next financial year. Reply By Pradeep Khatri: The Reply: Cenvat credit of SAD can be availed 100% in the first year but credit of CVD will be availed in two installments. i.e. 50% in the first y .....

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..... ear and 50% in the subsequent year.
Discussion Forum - Knowledge Sharing .....

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