TaxTMI 
TaxTMI 
Respected sir,
Can I take 100% credit of addl.duty of the imported machinery in this financial year or I have to take 50% this year & remaining in the next year.
about taking credit of addl.duty on imported machinery.
27 Mar 2012 
1 Reply 
1148 Views Asked by
Additional duty credit on imported machinery can be claimed fully in the year of receipt in factory.
Credit of additional duty on imported capital goods can be taken 100% in the year in which the imported capital goods are received into the manufacturer's factory; pro-rating over two years is not required when the goods are received in that financial year. (AI Summary)
Credit of additional duty on imported capital goods can be taken 100% in the year in which the imported capital goods are received into the manufacturer's factory; pro-rating over two years is not required when the goods are received in that financial year. (AI Summary)
