additional CVD @ 4% available as tax credit against VAT

DEAR JAYENDRA, I HAVE HEARD THAT THE CVD MAY @ 4 % MAY BE SET OFF AGAINST VAT. IF YOU RECEIVE ANY INFORMATION,PLEASE LET ME KNOW. THKS & REGGARDS AJAY AHUJA

Jayendra,

If the imported goods are sold in India, irrespective of whether they are exempt from excise, then credit of 4% CVD would be available.

However, the buyer of such goods would not be able to take credit ofsuch CVD. A mention of the fact that the CVD credit (SAD) would not be CENVATable is required on the invoice at the time of local sale.

Jayendra, If the imported goods are sold in India, irrespective of whether they are exempt from excise, then credit of 4% CVD would be available. However, the buyer of such goods would not be able to take credit ofsuch CVD. A mention of the fact that the CVD credit (SAD) would not be CENVATable is required on the invoice at the time of local sale.