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TMI BlogCENVAT CREDITX X X X Extracts X X X X X X X X Extracts X X X X ..... We are on the process of importing Capital Goods on payment of duty. As per my understanding we can avail 50% of the duty amount (CVD SAD) during the current year and the balance in next year. Kin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dly advise is there any changes in the procedures (i.e we can take 100% of the duty amount in the current year itself). Regards A.RAMESH - Reply By Rama Krishana - The Reply = In case of SSI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unit, 100% credit can be availed in first year itself. For others, 50% in the first year and balance in the next years. For more details, please read Rule 4(2) of CCR, 2004. - Reply By Mangesh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Lokre - The Reply = You can avail 50% ( BED )Cenvat Credit in the year of receipt and Balance 50% in next financial year. Cenvat Credit of SAD can be availed 100%. - Reply By Suminder Patia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l - The Reply = As per the Indian Central Excise Norms there is eligiblity to claim 100% of the additional duty of custom on capital goods.[Sea Rule 4(2a) of the central excise rule 2004]. - CENVAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CREDIT - Query Started By: - RAMESH ANANTHAKRISHNAN Dated:- 5-4-2011 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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