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 eligibility: manufacturers can claim customs additional duty credit on imports, subject to staged capital goods claim rules.
Manufacturers may take Cenvat credit for duties on inputs, capital goods and input services prior to registration, subject to the Rules' timing requirements; the additional customs duty component on imported capital goods can be availed immediately on receipt while the countervailing duty component is claimable in a staged manner across financial years. Taxpayers who avail credit before registration should notify their jurisdictional offices and maintain Cenvat Credit Register entries for future validation.