31 May 2012
Can Traders take cenvat credit of additional custom duty paid u/s 3(5) of custom tariff act instead of refund claim? Because refund procedure is very clumsy.
A(Manufacturer)assesse is entitled to claim cenvat credit of basic customs duty. It is only duties u/s 3(1), 3(3) or 3(5) of Customs tariff Act which can be claimed as credit..
CAclubindia
