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Cenvat credit of cvd and sad

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2014 Can a manufacturer avail CENVAT credit of CVD (12%) and SAD(4%)paid on import of components and spares which are assembled in India and sold in India?

What is the process for availment of CENVAT Credit?



14 July 2014 IF YOU ARE REGISTERED IN EXCISE AND YOU PAY EXCISE DUTY ON YOUR FINISHED GOODS, DEFINITELY, YOU CAN TAKE CENVAT CREDIT OF CVD (12%) AND ADDITIONAL DUTY (4%)IN YOUR CENVAT CREDIT RECORD NAMELY RG23A PT-II. AND YOU CAN UTILISE THIS CENVAT FOR PAYMENT OF EXCISE DUTY ON YOUR FINISHED GOODS.
THANKS
R.K. GARG
(M.COM. L.L.B.)
[CONSULTANT OF
CENTRAL EXCISE,CUSTOMS AND SERVICE TAX]


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