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This query is : Resolved

survesh (Querist)

25 January 2011 Respected Sir,

A Mauuf.Prop Has (Imported)Purchasesd CNC machine.As refered to Bill of Entry there are certain Taxex like Custom Duty,Excise Duty and Add.Duty on Import.The Propritor takes benefit of Excise against Service Tax Payable Liability.

Please Say CVD means Excise Duty is it Right please say

Please Say what type of Duty is Additional Duty on Import.Is it Custom Duty or Excise Duty

Please Reply

Thanks & Regards

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

25 January 2011 CVD means excise duty, you can take input credit of CVD.

survesh

survesh (Querist)

27 January 2011 the propritor takes benefit of Excise duty (CVD)against service tax Payable.

Please say can he get benefit of Additionl duty on import against service Tax Liablity

Can he take benefit of custom duty against service tax

OR Additional Duty,CVD,Custom Duty Capitalized.

Please Reply

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