CVD & ADC Credit on Capital

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..... CVD & ADC Credit on Capital
Query (Issue) Started By: - Umesh Talanpuri Dated:- 28-5-2013 Last Reply Date:- 29-5-2013 Central Excise
Got 1 Reply
Central Excise
Sir/Madam, I started a new .....

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..... Pvt. ltd. Company. We are import 5 machines from USA on 28/02/11, on that period we have not registered with Excise, but get registration on 15/03/13, Can we take credit of CVD & ADC 100% or 50%. of .....

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..... capital items. please suggest. your prompt reply help us. Thanks.. Reply By Nagabhushan Bhushan: The Reply: Dear Sir, YES you are entitled for the credits of capital goods which are procured be .....

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..... fore the date of excise registration. There are many Tribunal decision in favor of assessee in this regard. In addition to that you can avail the cenvat credit of 100% of ADC and 50% of the CVD cred .....

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..... it and related Cess as per the provisions of the cenvat credit rules. Hope the reply is sufficient for your query.
Discussion Forum - Knowledge Sharing .....

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