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Cvd credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2012 We purchased goods from an 100% EOU and paid CVD (Counter Veiling Duty), can we take 100% credit of CVD in the year of purchase.
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U S Sharma

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U S Sharma (Expert)
19 August 2012 if the goods are inputs then 100%, if capital goods then 50% in current year and balance in next year. input credit will be only of CVD/EC/S&HSEC.

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