input tax credit

Ramesh Davera (ACCOUNTS OFFICER) (81 Points)

26 July 2019  
We have received moulds free of cost from our overseas customer and valuation for import has been done at US dollar 6000.

Customs duty of 10% and IGST 18% has been paid by us.

This mode is received free of cost and there is no obligation to pay for this to our customer.

Can we take input tax credit for the IGST amount paid if yes under which section?