TaxTMI 
TaxTMI 
Can we claim 100 % credit of AD/19/2006 on Capital Goods in same year or not...Mridul
Additional Duty on Cap.Goods
21 Nov 2011 
1 Reply 
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CENVAT credit on capital goods can be availed as full credit in the year the goods are taken into use.
Where additional duty is paid on capital goods, the taxpayer may claim full CENVAT credit of that additional duty against output tax liabilities in the same year the capital goods are taken into use, permitting availment in the year of acquisition rather than deferring to later periods. (AI Summary)
Where additional duty is paid on capital goods, the taxpayer may claim full CENVAT credit of that additional duty against output tax liabilities in the same year the capital goods are taken into use, permitting availment in the year of acquisition rather than deferring to later periods. (AI Summary)
