cenvat credit availibility
This query is : Resolved
15 January 2009
Dear Sir,
We have purchased some goods from 100% EOU. They have charged us with BCD 7.5%CVD, 14% Edu cess 2% on CVD, S&H Edu cess 1% on CVD,Edu cess 2% on T-Duty, S&H cess 1% on TD, Custom Cess 2%, Custom S&H cess 1%.
Please advice us which duties are available as cenvat credit to us.
Thanking You,
Latpate B.L.
We have purchased some goods from 100% EOU. They have charged us with BCD 7.5%CVD, 14% Edu cess 2% on CVD, S&H Edu cess 1% on CVD,Edu cess 2% on T-Duty, S&H cess 1% on TD, Custom Cess 2%, Custom S&H cess 1%.
Please advice us which duties are available as cenvat credit to us.
Thanking You,
Latpate B.L.
15 January 2009
All the duties like BCD , CVD Etc can be availed as cenvat credit and education cess can also be cliamed as input, but cess can be utilized to write off cess
26 January 2009
Cenvat credit of BCD can not availed.
Only CVD, Education Cess and SHE on CVD
can be taken as CENVAT CREDIT
Only CVD, Education Cess and SHE on CVD
can be taken as CENVAT CREDIT
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