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
Ram Avtar Singh
(Expert)
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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