Cenvat credit of custom duty paid on capital goods
This query is : Resolved
05 September 2014
Dear all
We are manufacturer. We procure capital goods through import. In bill of entry there is Custom duty @5%, CVD @ 12%, Custom cess @2%, Custom SHE Cess@1% and Addl. Duty @4%. From this duties We avail Cenvat on CVD @12% and Addl. Duty @4% my query is: Can we avail Cenvat credit on CVD portion in Custom Cess (2%) and SHE Cess (1%). Please express your views. (kindly clear about payment of Custom duty @5%)
rgds
We are manufacturer. We procure capital goods through import. In bill of entry there is Custom duty @5%, CVD @ 12%, Custom cess @2%, Custom SHE Cess@1% and Addl. Duty @4%. From this duties We avail Cenvat on CVD @12% and Addl. Duty @4% my query is: Can we avail Cenvat credit on CVD portion in Custom Cess (2%) and SHE Cess (1%). Please express your views. (kindly clear about payment of Custom duty @5%)
rgds
Arun Kumar Singh
(Expert)
05 September 2014
You cannot take the cenvat credit of edu. cess and sh. cess.
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