Cenvat credit of additional duty
This query is : Resolved
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.
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
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Free lancer income
- Salary and pension received from Asian Development Bank
- What is provisional receipt number for generation of form 16A
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
