Cenvat Credit

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..... Sir, My question is on Imported Capital Gooods Special Additional duty 4%, how much credit is eligible 50 percent or 100 percent ? - Reply By Mangesh Lokre - The Reply = You can avail the 100% Cenvat .....

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..... Credit against the SAD since it is duty on duty. 50% Credit is restrictred in case of CVD only. - Reply By Vivek Dalmia - The Reply = 2nd proviso to Sub-Rule 2(a) of Rule 4 of Cenvat Credit Rules, 20 .....

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..... 04 provides that the Cenvat Credit of the additional duty leviable under sub-section 5 of Section 3 of the Customs Tariff Act, in respect of capital goods shall be allowed immediately on receipt of th .....

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..... e capital goods in factory of a manufacturer. As SAD is levied under Sub-section 5 of Section 3 of the Customs Tariff Act, 100% of CENVAT Credit thereon is admissible at the time of receipt of the .....

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..... capital goods in the factory of the manufacturer. Regards - T.R. Krishnamoorthy - Cenvat Credit - Query Started By: - murali krishna Dated:- 16-11-2010 Central Excise - Got 2 Replies - Central Exc .....

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..... ise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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