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Additional duty

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(Querist)
04 March 2008 We have imported some capital goods. I would like to know whether additional duty(4%) paid, 100% credit available in same financial year or 50%.

Please clarify soon.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
04 March 2008 IN RESPECT OF CAPITAL GOODS ONLY 50% OF CENVAT SHALL BE ALLOWABLE IN YEAR OF PURCHASE
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CHEZHIYAN

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CHEZHIYAN (Expert)
25 August 2008 and 25% in the next year and another 25% in the year next to the next year
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