Respected Sir,
Is it necessary to take 100% credit(cenvat+4%import duty) of the parts of the machinery imported or
50% credit can be taken on that parts of the year in which it was purchased & remaining 50% in the next financial year.
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Respected Sir,
Is it necessary to take 100% credit(cenvat+4%import duty) of the parts of the machinery imported or
50% credit can be taken on that parts of the year in which it was purchased & remaining 50% in the next financial year.
Old Query - New Comments are closed.
Cenvat credit of SAD can be availed 100% in the first year but credit of CVD will be availed in two installments. i.e. 50% in the first year and 50% in the subsequent year.
Old Query - New Comments are closed.