Excise duty credit
This query is : Resolved
03 May 2012
whether excise duty credit should be taken 50% In first year & 50% in next year for Fiber Disc under tarrif heading 6805 or entire credit should be taken in first year
03 May 2012
Dear Nirali,
You are right in case of Capital Goods, you can claim 50% of credit during the 1st year and remaining 50% in any year after 1st year.
Thanks
Mihir Doshi
You are right in case of Capital Goods, you can claim 50% of credit during the 1st year and remaining 50% in any year after 1st year.
Thanks
Mihir Doshi
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