excise input on import

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shibusap

shibusap (Querist)
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21 February 2011 can additional duty on imports be taken as excise input

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 February 2011 If you are a manufacturer, importing goods to be used as inputs for manufacture of other goods, you would be generally eligible for obtaining credit (called CENVAT credit) equal to the additional duty of customs paid on the imported goods. This duty amount is eligible for credit under input duty Central Excise Rules, 1944. This credit can be used for paying central excise duties on your manufacture.

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