Cenvat Credit

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....envat Credit<br> Query (Issue) Started By: - murali krishna Dated:- 16-11-2010 Last Reply Date:- 17-11-2010 Central Excise<br>Got 2 Replies<br>Central Excise<br>Sir, My question is on Imported Capital....

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.... Gooods Special Additional duty 4%, how much credit is eligible 50 percent or 100 percent ? Reply By Mangesh Lokre: The Reply: You can avail the 100% Cenvat Credit against the SAD since it is duty on ....

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....duty. 50% Credit is restrictred in case of CVD only. Reply By Vivek Dalmia: The Reply: 2nd proviso to Sub-Rule 2(a) of Rule 4 of Cenvat Credit Rules, 2004 provides that the Cenvat Credit of the addit....

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....ional duty leviable under sub-section 5 of Section 3 of the Customs Tariff Act, in respect of capital goods shall be allowed immediately on receipt of the capital goods in factory of a manufacturer. ....

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.... As SAD is levied under Sub-section 5 of Section 3 of the Customs Tariff Act, 100% of CENVAT Credit thereon is admissible at the time of receipt of the capital goods in the factory of the manufacturer....

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..... Regards - T.R. Krishnamoorthy<br> Discussion Forum - Knowledge Sharing ....