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Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2013 We have Imported the material under DFIA License without paying any duty now we wans to take MODVAT like want to refund CVD 12% and 4% SAD.
can we avail the same benifit please advise??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 April 2013 One of the conditions stipulated in paragraph 4.4.7 of the FTP (2006) was that no Cenvat credit facility shall be available for inputs either imported or procured indigenously against the Authorization. Condition(v) of the corresponding customs notification No.40 / 2006- Cus dt 1.5.2006, issued to implement the DFIA scheme, accordingly provided that the EO would be discharged by exporting resultant products, manufactured in India which were specified in the said authorization and in respect of which the said facilities have not been availed of in respect of materials imported / procured against the said authorization.

Further info:
https://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2007/SO-38-07.htm

https://www.ieport.com/2009/customs_not/not98.htm

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