Credit of Customs Duty against Excise Duty Liability

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RUPESH CHOUDHURY (Querist)
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15 June 2010 Dear All,

Please help.

Can one take credit of customs duty paid against Excise Duty Liability?

If yes ,please provide the relevant sections,case studies,circulars,notifications,etc.,if possible.

Thanks.

Kamal Aggarwal

Kamal Aggarwal (Expert)
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02 August 2010 Dear Rupesh

Credit of Basic Customs duty and Customs Education cesses is not permissible. However, credit of the Additional duties of Customs, levied in lieu of Excise duty and VAT can be availed, subject to usage of the imported goods and prescribed documentation.

You can refer Cenvat Credit Rules, 2004 for further clarification on this point.

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RUPESH CHOUDHURY

RUPESH CHOUDHURY (Querist)
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02 August 2010 Dear Kamal Ji,
Thank you very much for the reply.
Its of immense use.

rupesh