Cenvat credit of cvd u/s 3(5)
This query is : Resolved
CA Varsha Haryan
(Querist)
11 August 2013
whether CENVAT credit available on CVD levied u/s 3(5)(Duty equal to sales Tax)
CMA Ramesh Krishnan
(Expert)
13 August 2013
CENVAT credit is available for CVD charged under sec.3(5) following cases
1.when manufacturer using that materials for their manufacturing purpose ( Notification: 18/2006
2. Incase of traders selling imported goods in India after charging Sales tax/VAT,they can claim the refund Notification:102/2007
But incase of service provider, no CENVAT credit because the duty basically charged the effect of VAT/Sales tax on that goods.
1.when manufacturer using that materials for their manufacturing purpose ( Notification: 18/2006
2. Incase of traders selling imported goods in India after charging Sales tax/VAT,they can claim the refund Notification:102/2007
But incase of service provider, no CENVAT credit because the duty basically charged the effect of VAT/Sales tax on that goods.
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