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Cenvat credit available in case of import of capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 Kindly guide for the amount of CENVAT credit available for a manufacturer importing machinery for manufacturing products in respect of below example:
Duty on Import Machinery
Machinery Value 177275.00
Total Duty
Custom Duty @ 7.5% 13295.60
Basic Excise Duty @ 12% 22868.50
Edu Cess @ 2% 723.30
SHE Cess @ 1% 361.60
Addn Import Duty @ 4% 8581.00
TOTAL 45830.00

06 February 2013 You can claim the cenvat credit on capital goods current year 50% of the CVD and SAD and next year 50% of the duty. SSI unit can avail the 100% cenvat credit. Education and secondary edu. is not available in imported goods.



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