Custome duty amount credit

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Sir,

Our Company has imported one machinery from Germany in 2009. by mistake we are not avail credit (duty amount 50% current year & 50% next subsquent yerar),

Can we take 100% duty in this year of need to take 50% this year and balance 50% in next year.please clarify

Replies (1)

I think i can be availed because there will be no time limit for utilisation of CENVAT Credit.......

Till the goods are in the possession ......it can be availed.......


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