Credit taken of addl. duty or not
This query is : Resolved
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.
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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