Cenvat Credit
This query is : Resolved
16 July 2009
Can a manufacturing unit avail cenvat credit on Special Additional duty..? If Yes / No, will you please explain it logically..?
Madhukar N Hiregange
(Expert)
16 July 2009
SAD on imports was bought due to the fact that when one buys goods locally there is VAT levy.
For a Trader who imports there is no SAD levy in the sense that he can take a refund.
A manufacturer instead of paying the same is allowed to avail the credit as if he had boiught the same locally he would have been admissible for the VAT set off.
For a Trader who imports there is no SAD levy in the sense that he can take a refund.
A manufacturer instead of paying the same is allowed to avail the credit as if he had boiught the same locally he would have been admissible for the VAT set off.
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