SAD on Capital Goods

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..... SAD on Capital Goods
Query (Issue) Started By: - Sharad Sonawane Dated:- 23-10-2013 Last Reply Date:- 25-10-2013 Central Excise
Got 3 Replies
Central Excise
Dear Sir, We have Purchased C .....

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..... apital Goods from First Dealer / Second Stage Dealer he shown SAD on his Invoice can we take Full Credit on SAD or 50 percent any notification on full credit SAD Reply By GANTI SARMA: The Reply: You .....

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..... can utilise 50 percent only even you taken 100 percent in books. Reply By Ashok Jogalekar: The Reply: You can avail 100 percent credit of SAD and use the same for payment of excise duty. SAD is not .....

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..... hing but in lieu of sales tax. Reply By Ashok Jogalekar: The Reply: To elaborate further on eligibility of 100 percent credit immediately on receipt of capital goods imported:- as per the proviso 2 .....

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..... of the rule 4(2)(a) of Cenvat Credit Rules the cenvat credit of additional duty leviable under sub-section (5) of section 3 of the Customs Act, in respect of capital goods shall be allowed immediatel .....

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..... y on the receipt of the capital goods in the factory of the manufacturer.
Discussion Forum - Knowledge Sharing .....

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