SAD CREDIT

[SHARMA NARAYAN]

Dear sir,

we have received material various ch heading such as 28443090,90229090,90318000,73079990 with Basic Duty & SAD production still not started it will take 2 yrs to start plant

in which registred i take cenvat credit in RG23A OR C how can i show in C 50% Or 100 %

AI Summary

Cenvat Credit: Registration Not Required, Claim Within a Year; 100% SAD Credit Available Immediately Per Rules 2004 A user inquired about taking Cenvat credit for materials received under various headings, with production starting in two years. An expert clarified that registration is not a prerequisite for taking credit under the Cenvat Credit Rules, 2004, and advised taking credit within a year of receiving duty-paying documents. Another participant supported this view. The user planned to take 50% of the basic duty credit in the current year and the rest next year, with 100% credit on SAD. It was clarified that manufacturers can take 100% SAD credit immediately, while CVD credit is split over two years. Additional advice included notifying relevant authorities about the credit situation.