100% claim of cenvat on capital goods
This query is : Resolved
03 September 2013
Mr. Expert,
A company has imported machinery from Italy.
Due to delay in receipt of Bill of entry, 50% of Cenvat could not claimed in same financial year.
Can 100% cenvat paid be claimed in 2nd financial year on receipt of bill entry and respective cenvat documetns????
Please guide
A company has imported machinery from Italy.
Due to delay in receipt of Bill of entry, 50% of Cenvat could not claimed in same financial year.
Can 100% cenvat paid be claimed in 2nd financial year on receipt of bill entry and respective cenvat documetns????
Please guide
05 September 2013
Yes, you can take the 100% cenvat credit in the next financial year.
05 September 2013
Thanks Mr. Arun.
Would like to tell me reference of Rule.
Would like to tell me reference of Rule.
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