Cenvat credit of additional duty
This query is : Resolved
RAJIW KUMAR SINHA
(Querist)
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.
CA Chitresh Gupta
(Expert)
01 June 2012
No, The trader can't avail the credit of additional custom duty levied u/s 3(5).
Moreover, if he is importer of goods and get registered as first stage dealer, he may take the credit and pass on to the manufacturer.
Regards
Moreover, if he is importer of goods and get registered as first stage dealer, he may take the credit and pass on to the manufacturer.
Regards
RAMESH KUMAR VERMA
(Expert)
01 June 2012
agreed with expert.
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..
read : https://www.excisekanpur.nic.in/cenvat.html
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..
read : https://www.excisekanpur.nic.in/cenvat.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
