Cenvat Credit

This query is : Resolved

Vikas (Querist)
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12 March 2011 We are manufacturer exporter of garments. My query is

1. Can we get CVD and cess refund from customs.
2. Should we have to register with Excise first.
3. Additional duty is also refundable in Cenvat credit benefit?
4. what is the time period for applying for the same.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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12 March 2011 Readymade garments and made-up articles were exempt from excise duty, but had an optional scheme available if they wanted to avail credit for input taxes. Under this regime they had to pay duty at the rate of 4 per cent for goods made of only cotton and 10 per cent for others to claim cenvat credit.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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12 March 2011 In the budget 2011-12, the government had introduced a mandatory 10 per cent excise duty on ready-made garments and textile made ups bearing a brand name or sold under a brand name.

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