time limit for claiming exemptions


This query is : Resolved 

06 January 2009 can any body tell what is the time limit for claiming credit for the excise duty paid for the pharmaceauticle company producing drugs etc.

Jitender (Expert)
06 January 2009 u can take credit on goods when u have received the goods.
in case of services- on payment.
capital goods- 50 % 1st year & balance next year.


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