17 July 2010
we are a cement manufacturing co., production yet to start, and have imported automobiles on which automobile cess is levied. Now can we take credit of such cess.
19 July 2024
As of my last update, the CENVAT credit rules did not allow credit for automobile cess paid on imported vehicles. However, tax laws and regulations can change, so it's essential to check the latest updates and consult with a tax expert or Chartered Accountant familiar with current excise and CENVAT credit rules. They can provide specific guidance based on the most recent regulations applicable to your situation.
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