ADC on capital goods
This query is : Resolved
23 October 2009
we are taking 50% of Excise Duty, E.C. & SHE.Cess and 100% input on Additional Duty of Customs on Capital Goods and remaining 50% of input transferred to upcoming year. is it right to take 100% input on ADC on capital goods instead of 50%? Please give us your valuable reply!
23 October 2009
Yes you can take 100% Additional Duty on Import of capital goods.but wait for notification no. from other experts
23 November 2009
This has been mentioned in the Cenvat Credit Rules itself that the credit of ADC can be taken 100%.
This was inserted by Notification No. 13/2005-CE (NT) dated 1.3.2005 in the Rule 4 (2), second proviso of the CCR 2004.
This was inserted by Notification No. 13/2005-CE (NT) dated 1.3.2005 in the Rule 4 (2), second proviso of the CCR 2004.
23 November 2009
Thank your very much sir for your valuable reply with notification number.
Aravind Kumar
Aravind Kumar
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