Dear Sir,

We are the manufacturer of Chemicals.

We have imported materials without payment of duty against the advance license. Since we have not fulfilled the export obligation, we have paid the duty as per customs dept's demand notice.

Whether can we claim cenvat credit on duty (CVD) paid due to non fulfillment of export obligation?


Expecting your reply.

Regards,
Ibrahim

In the year 2005, a company imports a raw material without payment of duty against Advance Licence. The company had to fulfill the export obligation within 2 years.

The Company failed to fulfill the export obligation. In 2009, the Customs dept. issued a demand notice for BCD, CVD and interest for the B/E in the 2005. The Company paid the import duty(BCD + CVD) along with interest.

Now in the fin year 2009-10, can the company take the CVD for CENVAT???

Thanks in advance,
Arul.

On the Import of goods, different type of import duty leived.

Is set-off available of all different type of import duty only in CENVAT credit rule ???

My client is purchasing some goods from abroad on which he is paying SAD on a provisional Basic, The SVB order has received on 29th Nov-09. Being a trading company is he eligible to get it refund within 1 year.
The audit for FY 2008-2009, has been finalized without providing the said amount. It’s necessary to provide in the balance Sheet, or without providing we can file a refund claim.

Thanks & Regards

Can we take the CENVAT credit on R&D (reserch & Development)Equipment(capital Goods)Please guid us w/relevant notification/Circular.

Query : Is CVD duty and additional duty leived on the Import of goods BOTH are eligible for being set-off under CENVAT credit.

Aslo As per Rule 3(1)(vii) and Rule 3(1)(viia) of CENVAT Credit Rules,2004, the credit of both types of duties is allowed.
but in Rule 3 (1) (Viia) aslo say that
Provided that a provider of taxable service shall not be eligible to take credit of such additional
duty;
But what will be in case of someone is providing taxable service and taxable sale under MVAT. Then he can take set-off of both custom duty or NOT ???

Dear All,
Pls explain the procedure for refund claim of customs duty paid when RM & CG are imported.

Thanks & Regards
Biji Varghese
9011096842

If a foreign company wants to give its machinery on lease to a company in india and take it back after the lease period is over, is it possible???

If yes can u plz help me out with the procedure?

Situation 1

Company X is a MNC in gujarat. It wants to import a machinery from outside and give it on lease in mumbai. It has just applied for IEC registration on 15-01-10. Can it send the order for the machinery on 18-01-10? Will the company have to wait till the registration is complete? In any case the machinery will be delivered in March only as it wil come by ship.

Dear Friend,

Would u be kind enough to tell me what are the conditions and other things i should keep in mind to expedite the import of Raw material for the plastic lens in India, i dont wish to make any unnecssary delay in the process. PLZ...