Claiming 100% of Special Additional Duty
In case of claiming CENVAT on a receipt. For Item class as CAPITAL GOODS. Currently the client is able to claim back the following taxes : 1. CVD (14%) 2. CVD CESS (3%) 3.Special Additional Duty(4%) , all these taxes to the extent of 50% Client is able to claim in the current financial Year.
However , client wants to claim the Special Additional Duty (4%) , to the extent of 100% , but right now the system is only allowing to claim 50% . Is there any possibility that the client would be able to claim this Sp. Addnl. Duty to 100% along with other taxes 50% in the system.
Request you all to please provide your valuable inputs .