10 June 2017
I am a importer . i import a shipment in the m/o june 2017. i paid basic duty Rs. 108000. and cvd 12.50% Rs. 125000.00 & addl. duty 4% paid by me Rs. 13500/- if i hold whole quantity as closing stock on dtd. 30.06.2017. then how much i can claim itc on above stock. pls explain in detail.
can i claim only 4% addl. duty as itc or claim itc 12.5 % cvd + 4% addl. duty.
CAclubindia
