Credit available after 2 years

[madhavvan n]

one company has set up a project for manufacture of automobiles it has imported various capital goods / spares can it avail the CVD and Edn Cess and SHE cess and addnl duty of customs for capital goods and inputs what are the other credits it can avail if it makes entry in rg 23 is it enough and can it utilise credit after 2 years.

AI Summary

Company Can Avail Credit on CVD and Duties After Two Years; Ensure Registration and File Nil Return for Compliance. A company involved in automobile manufacturing has imported capital goods and spares and inquires about availing credit for CVD, Edn Cess, SHE Cess, and additional customs duty. They seek guidance on whether making an entry in RG 23 is sufficient and if credit can be utilized after two years. A respondent clarifies that there is no denial of credit for duties paid on imported capital goods and inputs despite a two-year gap before manufacturing begins. To ensure smooth operations and avoid future issues, obtaining a registration number and filing a nil return with credit details is advised.