CVD credit on import by output service provder
This query is : Resolved
19 March 2009
Dear Experts,
Could you clarify the CVD paid on imported inputs used for providing output sevice only not involving any manufacturing, the credit eligible for input cenvat Credit. As per Cenvat Credit Rules no credit will be available if final product exempt from exise duty or if there is no manufacturing of the goods.
If eligible give provisions of the act with referecne of section/rule
Thanks in advance
Could you clarify the CVD paid on imported inputs used for providing output sevice only not involving any manufacturing, the credit eligible for input cenvat Credit. As per Cenvat Credit Rules no credit will be available if final product exempt from exise duty or if there is no manufacturing of the goods.
If eligible give provisions of the act with referecne of section/rule
Thanks in advance
19 March 2009
Yes you can avail CVD paid on imported inputs used for providing taxable output service refer Rule 3(vii) of CENVAT credit Rules,2004.However, you are not allowed to take credit of additional duty leviable under sub-sec(5) of Sec 3 of the Customs Tariff Act(refer Rule 3(viia) of CCR 2204)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- EXPORT COMMERCIAL INVOICE HSN CODE
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
