about taking credit on the parts of machinery

[MEHUL ASHAR]

Respected Sir,

                           I have taken 50% credit of addl.duty of imported parts of machinery previous month ,now can I take the remaining credit in this month of march-2012

AI Summary

Claim Full CENVAT Credit on SAD for Imported Machinery Parts Within First Financial Year A participant in a discussion forum inquired about taking credit for additional duty on imported machinery parts, having already taken 50% credit in the previous month. They asked if they could claim the remaining credit in March 2012. In response, two contributors confirmed that it is permissible to avail 100% of the CENVAT credit on the Special Additional Duty (SAD) portion within the first financial year.