excise input on import
This query is : Resolved
21 February 2011
can additional duty on imports be taken as excise input
RAMESH KUMAR VERMA
(Expert)
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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