 "credit risk funds, investments, outflow, inflow, fpi, fdi, FII, investments, funds, markets")
In this Budget, the government has imposed an Agriculture Infrastructure Development Cess (AIDC) on some imported and excisable goods. Can we take Credit of the same and set off against GST or excise duty payable on the final product?
No. There is no provision to take Credit of the AIDC. This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and in any case, the Credit of BCD on imported goods or excise duty on petroleum products is not available. So, the imposition of AIDC, at least for
