banner_ad

Matter of cenvat credit on imported capital goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 December 2013 gud evening to all experts,
we purchase new machinery from chine. i want to ask you only that can we take 50 % cenvat credit on this f.y and 50 % cenvat credit next f.y.
2-can we take credit of education cess and shec on capital goods purchase or only basic excise duty
Profile Image

AJITHKUMAR M

Profile Image

AJITHKUMAR M (Expert)
18 December 2013 Dear friend,

In respect of capital goods, 50% of the credit can be availed during the year of receipt and the remaining 50% during the next financial year.

In case of imported goods, no cess is payable for the CVD portion. The E Cess and S&HE Cess paid is towards the customs duty portion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details