INPUT TAX CREDIT QUERY ON CLOSING STOCK
This query is : Resolved
MOHAMMED ASGAR Bhati
(Querist)
05 June 2017
I imported a container on dtd. 29.06.17. Value Rs 1050000.00 i paid excise duty Rs. 35800/-
additional duty paid 10500.00. full container lying in stock as on 30.06.17. pls tell me how much input can be claim in above case. I have all evidence of related to above import shipment .
CA R SEETHARAMAN
(Expert)
05 June 2017
It is not excise duty but customs duty paid on imports. You can claim input credit on additional duty of 10,500 under GST.
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