Cenvat credit on imported inputs
This query is : Resolved
CA Sanjay Baheti
(Querist)
22 April 2013
My client engaged in Manufacturing activities & also covered in Excise.He purchases imported inputs being used for manufacturing of Finished Excisable Product.He paid the following duties at custom destination as
-Basic Custom Duty
- Additional Custom Duty
-Countervailing Duty
Now query is whether he is entitled for cenvat Credit for all such Duty amount as mentioned above or not.Please confirm.
-Basic Custom Duty
- Additional Custom Duty
-Countervailing Duty
Now query is whether he is entitled for cenvat Credit for all such Duty amount as mentioned above or not.Please confirm.
22 April 2013
You can take cenvat credit on
- Additional customs duty(Special CVD of 4%)
-CVD (Equal to Excise duty)
No credit can be taken for basic customs duty.
- Additional customs duty(Special CVD of 4%)
-CVD (Equal to Excise duty)
No credit can be taken for basic customs duty.
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