Credit of cvd
This query is : Resolved
kartik_somu
(Querist)
17 January 2012
We imported few goods in 2008 which we have sold against advance license.
Because it was imported under advance license we did not pay any customs duty.
We have not charged any excise duty on sales too.
Now the advance license is not accepted on non fulfillment of certain conditions.
We have to pay customs duty.
Will we be eligible to claim CVD credit on the customs duty paid now?
Because it was imported under advance license we did not pay any customs duty.
We have not charged any excise duty on sales too.
Now the advance license is not accepted on non fulfillment of certain conditions.
We have to pay customs duty.
Will we be eligible to claim CVD credit on the customs duty paid now?
RAMESH KUMAR VERMA
(Expert)
17 January 2012
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https://www.caclubindia.com/experts/advance-license-cenvat-credit-322220.asp
https://www.caclubindia.com/experts/advance-license-cenvat-credit-322220.asp
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