Capital cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2013
DEAR SIR,
BEFORE SOM DAYS AGO I HEARD THAT WE CAN TAKE THE CAPITAL CREDIT 100%. IS IT CORRECT OR NOT? PL. LET ME KNOW.
BEFORE SOM DAYS AGO I HEARD THAT WE CAN TAKE THE CAPITAL CREDIT 100%. IS IT CORRECT OR NOT? PL. LET ME KNOW.
19 April 2013
There are three cases where you can take 100% credit of duty paid on capital goods.
1. Any SAD u/s 3(5) of Customs Tariff Act;
2. Any eligible SSI (irrespective of actual SSI)
3. Capital goods are removed as such in the same financial year.
1. Any SAD u/s 3(5) of Customs Tariff Act;
2. Any eligible SSI (irrespective of actual SSI)
3. Capital goods are removed as such in the same financial year.
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