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Reimursement of VAt on capital goods.

This query is : Resolved 
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(Querist)
19 May 2009 VAT paid on procurement for capital goods by an EPCG unit can be availed for setting the the vat liability on sales of goods.

Please clarify ASAP.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
20 May 2009 The VAT deduction / credit for the VAT paid on eleigible machinery wouldbe available even if one is under the EPCG scheme as long as the VAT has been charged in the bill.

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