Cenvat credit

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2013 we have utilized additional duty to pay 2% & 1% , Department not accepted that additional duty can utilized towards payment of 2% & 1% however they asking to pay duty in cash. we utilized duty in reference to section 3 of the customs tariff act equivalent to the duty of excise specified under (i) , (ii) & ( iii)
after justification department drop down the point from there Demand & also CERA Audit not raise the point in their Audit , But now department once again asking to pay duty in cash , please tell me how to handle this issue ?

Arun Kumar Singh

Arun Kumar Singh (Expert)

29 November 2013 You can take the cenvat credit on imported goods only CVD and SAD edu.cess and HS cess of custom duty will not be available.

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2013 sir,
You are not getting my point , i asked can i utilizes credit available in additional duty to pay Edu 2% & SHEd 1% on duty payable

Arun Kumar Singh

Arun Kumar Singh (Expert)

29 November 2013 you can not utilised the edu. cess and SH. cess.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now