TaxTMI 
TaxTMI 
CENVAT CREDIT
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....ENVAT CREDIT<br> Query (Issue) Started By: - RAMESH ANANTHAKRISHNAN Dated:- 5-4-2011 Last Reply Date:- 30-4-2011 Central Excise<br>Got 3 Replies<br>Central Excise<br>We are on the process of importing....
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.... Capital Goods on payment of duty. As per my understanding we can avail 50% of the duty amount (CVD & SAD) during the current year and the balance in next year. Kindly advise is there any changes in ....
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....the procedures (i.e we can take 100% of the duty amount in the current year itself). Regards A.RAMESH Reply By Rama Krishana: The Reply: In case of SSI unit, 100% credit can be availed in first ye....
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....ar itself. For others, 50% in the first year and balance in the next years. For more details, please read Rule 4(2) of CCR, 2004. Reply By Mangesh Lokre: The Reply: You can avail 50% ( BED )Cenva....
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....t Credit in the year of receipt and Balance 50% in next financial year. Cenvat Credit of SAD can be availed 100%. Reply By Suminder Patial: The Reply: As per the Indian Central Excise Norms there i....
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....s eligiblity to claim 100% of the additional duty of custom on capital goods.[Sea Rule 4(2a) of the central excise rule 2004].<br> Discussion Forum - Knowledge Sharing ....