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Cvd is cenvatable or not

This query is : Resolved 

12 February 2014 Whether CVD is available as input credit or not in case of trader who imports goods and make sales.If yes how he can avail and against at what payment and can it be claimed as refund if not utilized, if yes in what time? Plz clarify


With Reagards,
B.Srikanth

13 February 2014 No CvD paid by the Trader for import of goods for subsequent sale is not Cenvatable because,as per the Central Excise Law and rules framed thereunder for availing Cenvat of CvD paid at the time of Import of the goods the imported goods must be used in manufacturing of any final product which is excisable and not exempt.In your given case the goods is imported forsale and not as an input for any fianl product which is excisable and not exempt.


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