04 September 2015
ours is a manufacturing concern,manufacturing printed circuit board.my question is whether i can take cvd credit on imports for
1. repairs of impedance control systems(excise duty has been charged on removal of goods). (50% or 100% in same year) 2. purchase of software (electronic measuring accessories and software cd.(for testing the pc Board)(50% or 100% in same year)
11 September 2015
Yes. Cenvat Credit is available. The goods mentioned are not capital goods within the meaning of Cenvat Credit Rules, and hence you can take 100% credit (please check the tariff entries).
CAclubindia
