TaxTMI 
TaxTMI 
CVD & ADC Credit on Capital
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....VD & ADC Credit on Capital<br> Query (Issue) Started By: - Umesh Talanpuri Dated:- 28-5-2013 Last Reply Date:- 29-5-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>Sir/Madam, I started a new ....
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....Pvt. ltd. Company. We are import 5 machines from USA on 28/02/11, on that period we have not registered with Excise, but get registration on 15/03/13, Can we take credit of CVD & ADC 100% or 50%. of c....
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....apital items. please suggest. your prompt reply help us. Thanks.. Reply By Nagabhushan Bhushan: The Reply: Dear Sir, YES you are entitled for the credits of capital goods which are procured bef....
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....ore the date of excise registration. There are many Tribunal decision in favor of assessee in this regard. In addition to that you can avail the cenvat credit of 100% of ADC and 50% of the CVD credi....
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....t and related Cess as per the provisions of the cenvat credit rules. Hope the reply is sufficient for your query.<br> Discussion Forum - Knowledge Sharing ....