input credit
This query is : Resolved
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
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
(Expert)
14 June 2017
And also of Special Additional Duty, if any.
14 June 2017
Is there any time limit for claiming input credit of cvd and other duty
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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