Whether ADD CVD be taken as CENVAT, Central Excise

[Rabindra Mohanty]

Dear Sir

How can I treat in books of account when found a invoice with (value+ED/CVD Value+Ed Cess Value+H. Sec. ED. Cess+ADD CVD in case of manufacturing company purchasing capital goods.

 

Plz suggest me.

Posts / Replies

[Surender Gupta]

A manufacturer is eligible to take cenvat credit of CVD (additional duty equal to central excise) and SAD equal to 4%  where the goods are used as inputs or capital goods.

[pradeep khatri]

Further, on CVD & ON Cess you will get 50% CENVAT credit but on SAD @ 4% you will get full CENVAT credit in the first year itself.