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SAD on Capital Goods
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....AD on Capital Goods<br> Query (Issue) Started By: - Sharad Sonawane Dated:- 23-10-2013 Last Reply Date:- 25-10-2013 Central Excise<br>Got 3 Replies<br>Central Excise<br>Dear Sir, We have Purchased Ca....
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....pital Goods from First Dealer / Second Stage Dealer he shown SAD on his Invoice can we take Full Credit on SAD or 50 percent any notification on full credit SAD Reply By GANTI SARMA: The Reply: You ....
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....can utilise 50 percent only even you taken 100 percent in books. Reply By Ashok Jogalekar: The Reply: You can avail 100 percent credit of SAD and use the same for payment of excise duty. SAD is noth....
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....ing but in lieu of sales tax. Reply By Ashok Jogalekar: The Reply: To elaborate further on eligibility of 100 percent credit immediately on receipt of capital goods imported:- as per the proviso 2 ....
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....of the rule 4(2)(a) of Cenvat Credit Rules the cenvat credit of additional duty leviable under sub-section (5) of section 3 of the Customs Act, in respect of capital goods shall be allowed immediately....
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.... on the receipt of the capital goods in the factory of the manufacturer.<br> Discussion Forum - Knowledge Sharing ....