CVD & ADC Credit on Capital

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..... Sir/Madam, I started a new 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 o .....

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..... f CVD ADC 100% or 50%. of capital 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 .....

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..... capital goods which are procured before 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 o .....

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..... f 100% of ADC and 50% of the CVD credit and related Cess as per the provisions of the cenvat credit rules. Hope the reply is sufficient for your query. - CVD & ADC Credit on Capital - Query .....

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..... Started By: - Umesh Talanpuri Dated:- 28-5-2013 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India .....

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..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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