Service tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2012
Hello Experts
Can we avail credit of input service tax for the custom duties paid on export and import.?
Thank you in advance
Can we avail credit of input service tax for the custom duties paid on export and import.?
Thank you in advance
04 October 2012
Custom duty is different thing..and we dont have to pay any duty when we are exporting goods...bcz in many notifications it is exempt, but yes if we are importing goods and we have paid some service tax for unloading or unloading, then we can claim that cenvat.
Message likes :
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Pankaj Gupta
(Expert)
05 October 2012
Although export duty is exempt on most of the articles.but still export duty is levied on certain articles like leather articles, transfermor oil etc. And for your query.....yes .... We can take credit of custom duty paid under the service tax. But such credit will be allowed for CVD3(1) AND CVD3(3) only.And for CVD3(5) refund can be claimed.
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