Credit taken of addl. duty or not
This query is : Resolved
Rinku Sharma
(Querist)
19 August 2015
we are manuf. I want to know that I have bill of entry, addl. duty 4% mentioned of bill of entry so cenvat credit taken of add. duty or not. plz reply me. thanks.
RAMESH KUMAR VERMA
(Expert)
20 August 2015
Sub rule (viia) of Rule (1) 3 of the CENVAT credit Rules states that A manufacturer or producer of final products shall be allowed to take credit of the additional duty leviable under SUb-section (5) of Section 3 of the Customs Tariff Act.
Provided that a provider of taxable service shall not be eligible to take credit of such additional duty.
more info:
https://taxguru.in/excise-duty/budget-2015-cenvat-credit-rules-2004-impact.html
Provided that a provider of taxable service shall not be eligible to take credit of such additional duty.
more info:
https://taxguru.in/excise-duty/budget-2015-cenvat-credit-rules-2004-impact.html
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