Dear friends,
Kindly clarify my doubts regarding availment and utilisation of cenvat credit on imports.
1. Can CVD and the addtional import duty paid (4%) on imports (input items) (based on bill of entry) be availed as cenvat credit?
2.If availed as credit can the above two items be utilised against the payment of basic excise duty?
3.Can the basic excise duty, cvd and the additional import duty be clubbed under the same column cenvat under er-1?
Thank you in advance.
Ans Q1 - Yes
Ans Q2 - Yes
Ans Q3 - No. Seperate fields are availalbe for each of these. You need input value there only.
Regards
Dayananda
You can avail the CVD and SAD in saperate column but you can utilise the payment of besic excise duty.
Thank you very much
Is Addl.duty credit admissble a/g materal bring through DEPB SCRIPS (0 duty)
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