Goods and Services Tax – Started By: – Avishek Modi – Dated:- 19-12-2017 Last Replied Date:- 20-12-2017 – During Jan 2013 we imported machines for our factory (SSI).Factory was registered under excise but we could not avail MODVAT for the CVD/SAD on the imported machines as our manufacturing turnover never crossed ₹ 1.5 crores and there was no excise payable by us.Can we take credit for the CVD/SAD on these machines supported by the BOE in the Tran-1 6a? – Reply By Somil Bhansali – The Reply = Yes you can avail credit of CVD and SAD in Table 6(a) based on bill of entry. – Reply By KASTURI SETHI – The Reply = It is disputed issue. Sword of restriction of one year is hanging. Period wise restrictions imposed, have to be taken care of.
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