Duty draw back
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2011
Dear all
Is there is any connection between excise credit and duty drawback scheme.Can a company can get excise credit if it opts duty drawback scheme. Please suggest me
thanks
Is there is any connection between excise credit and duty drawback scheme.Can a company can get excise credit if it opts duty drawback scheme. Please suggest me
thanks
S.P.Mahanta
(Expert)
24 June 2011
Availing Cenvat Credit on Excise duty paid is covered under Cenvat Credit Rules 2002 & Cenvat Credit 2004 whereas DEPB or Duty drawback scheme is under duty drawback rules.As per present provisions, Company can get Cenvat credit on excise duty paid as well drawback on export.
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