01 August 2012
We are manufacturing automobile parts. We have purchased machinery from china in Sept-2011. and May-2012. We have taken credit of CVD 50% in last year & balance 50% this year.
but till date we have not taken credit and not showing in return of additional duty of custome (ADC-4%)
our inspector said me that we cant take credit without permission of department. because we have already filed all returns till June-2012.
CAclubindia
