Credit of excise

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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2013 Whether credit of additional duty charged on capital asset as per excise rule is fully available or to make deferrment.

CA. RAGHAV GARG (Expert)
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27 June 2013 Credit allowed upto max of 50% in first year, and balance in Second Year

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2013 Sir, i am in confusion. i asking about addtional duty not of excise basic duty charged on capital asset purchased.

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