ADC on capital goods

This query is : Resolved

Aravind (Querist)
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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!

Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 October 2009 Yes you can take 100% Additional Duty on Import of capital goods.but wait for notification no. from other experts

Aravind

Aravind (Querist)
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30 October 2009 sir,
for the above case notification nos. please...

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Arbind Aggarwal

Arbind Aggarwal (Expert)
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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.

Aravind

Aravind (Querist)
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23 November 2009 Thank your very much sir for your valuable reply with notification number.

Aravind Kumar