TaxTMI 
TaxTMI 
about taking credit on the parts of machinery
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....bout taking credit on the parts of machinery<br> Query (Issue) Started By: - MEHUL ASHAR Dated:- 22-3-2012 Last Reply Date:- 22-3-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>Respected Sir,....
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.... 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 t....
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....he next financial year. Reply By Pradeep Khatri: The Reply: 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 ye....
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....ar and 50% in the subsequent year.<br> Discussion Forum - Knowledge Sharing ....