04 May 2009
We are taking 50% credit of cenvat and CVD paid on capital goods. What about 4% additional duty paid on capital goods imported. Should we take 50% or can we take 100%. If we can take 100% is there any trade notice or notification to support this.
06 May 2009
You are eligible to avail the 4% in full unlike the additional duty of customs (CVD) where 50 % is required as the rules themsleves are clear.
CAclubindia
