Credit of edu. cess and sahe on imported capital goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2014 I am working with a mfg co. we imported capital goods from out of india in oct. 2012 but bill of entry is issue on 23.08.2011 and 12.01.2012. on bill of entry the following duties are chargeable
Basic Custom duty
CVD 12 % equivalent to excise duty
Special CVD 4%
education cess @ S. & H Edu. Cess both on BCD & CVD.

We take the the cenvat credit of CVD 12% Special CVD 4% Edu. Cess 2% and S.& H. Edu Cess 1% on CVD.

My question is that can we take the credit of Edu. Cess 2% and S.& H. Edu. Cess 1% charged on CVD 12 %

Pls. reply as early as possible with some notification or any other guideance.

Thanks & Regards
B.K.Singh

Arun Kumar Singh

Arun Kumar Singh (Expert)
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28 January 2014 Edu. cess and HSE cess is not available from 1.4.2012 before these period you can take the cenvat credit of edu. cess and HSE cess. On the capital goods you can take the 50% cenvat credit in the current year and 50% next year.