input credit

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This query is : Resolved

Rahul (Querist)

14 June 2017 Dear sir, We are importer of finished goods, and sale in india We pay cvd on import. So please tell me whether I can claim cvd input on unsold stock under Gst regime. We are registered in vat authority and have IEC code

Rahul

Rahul (Querist)

14 June 2017 Can anyone reply

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

14 June 2017 Yes. As importer paid CVD on import is eligible to take credit on unsold stock as on 30th June 2017 under GST

Suresh Mittal

Suresh Mittal (Expert)

14 June 2017 And also of Special Additional Duty, if any.

Rahul

Rahul (Querist)

14 June 2017 Is there any time limit for claiming input credit of cvd and other duty

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

14 June 2017 Yes. as per sec.140, Importer can claim input on SAD & CVD paid provided the duty paid documents in hand and the same should be with in 12 months preceding to the appointed date

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