Additional Duty on Cap.Goods

[Mridul Sethi]

Can we claim 100 % credit of AD/19/2006 on Capital Goods in same year or not...Mridul

AI Summary

100% CENVAT credit on capital goods' additional duty can be claimed in the same year under regulation AD/19/2006. A query was raised regarding the ability to claim 100% CENVAT credit on additional duty (AD) for capital goods in the same year, as per the regulation AD/19/2006. The response confirmed that it is permissible to avail 100% CENVAT credit on capital goods within the same year.