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Credit of service tax

This query is : Resolved 
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(Querist)
30 November 2011 Dear sir,

Please provide the details of availabilty of credit against the service tax or not for the following

1) countervalling duty
2) additional duty for import

Thanks

in advance
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PUNEET GOYAL

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PUNEET GOYAL (Expert)
30 November 2011 As per Rule 3(7)(b)of CENVAT credit Rules, 2004, cenvat credit in respect of CVD u/s 3(1) (equivalent to duty of excise) and SAD u/s 3 (5) (equivalent of VAT) of Customs Act 1962 can not be utilized for the payment of service tax.

Thus on the basis of above fact and provision you can't utilize credit of CVD and additional duty for import against payment of service tax.

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