Cenvat credit of education cess & sh education cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2013
Dear Sir/ Madam
We have a manufacturing unit . we import machinery from China. On Bill of entry the following duties are chargeable
Basic Custom duty
CVD 12% equivalent to excise duty
Special CVD 4%
Education Cess & Secondary higher education cess both on BCD & CVD.
we can take the cenvat credit of Cvd 12% & Special CVD 4%.
My question is that can we take the credit of education cess 2% & SH education cess 1% charged on CVD 12% ?
Please reply as early as possible with some notification or any other guideance.
Thanking You
We have a manufacturing unit . we import machinery from China. On Bill of entry the following duties are chargeable
Basic Custom duty
CVD 12% equivalent to excise duty
Special CVD 4%
Education Cess & Secondary higher education cess both on BCD & CVD.
we can take the cenvat credit of Cvd 12% & Special CVD 4%.
My question is that can we take the credit of education cess 2% & SH education cess 1% charged on CVD 12% ?
Please reply as early as possible with some notification or any other guideance.
Thanking You
13 July 2013
only you can take cenvat credit of CVD 12% & Additional duty 4%
Edu.cess & Sec higher edu cess on custom duty not cenvatable.
Edu.cess & Sec higher edu cess on custom duty not cenvatable.
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