Epcg scheme
This query is : Resolved
02 May 2016
Sir/Madam,
We are into manufacturing sector.. we want to import capital goods under EPCG scheme(First Time)... If we imported under the scheme and failed to fulfill the export obligations with in the said 6 years and paid the Customs Duty along with interest... My query is in such a case shall we can take credit of CVD & Additional duty in the year of payment made or ineligible to take the credit..
If any notification is there please give the reference...
Thank You...
We are into manufacturing sector.. we want to import capital goods under EPCG scheme(First Time)... If we imported under the scheme and failed to fulfill the export obligations with in the said 6 years and paid the Customs Duty along with interest... My query is in such a case shall we can take credit of CVD & Additional duty in the year of payment made or ineligible to take the credit..
If any notification is there please give the reference...
Thank You...
18 May 2016
Yes Mam you can claim Cenvat for CVD and SAD paid for non fulfillment of EO under EPCG licence.
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