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Additional duty (Imports) under 19/2006 -Cenvat Credit doubt

satya (Executive Excise) (1839 Points)

13 June 2011

Dear Sir(s),

Kindly clarify me that when we are Importing goods from other countries,

normally we are taking Cenvat Credit 10.3% of CVD under Excise,

my doubt is ,

additional duty 4% (imports) under 19/2006 notification is eligible to take as cenvat credit under central excise or it to be taken under VAT as VAT Credit. (pl.not that we have paid entire customs amounts CASH only)

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17 Replies

VIRENDER KUMAR (ACCOUNTS OFFICER) (24 Points)
Replied 13 June 2011

Dear Mr. Satya

you can use 4% additional duty (Import) as cenvat credit,

not as a vat credit

Mallikharjun (Deputy Manager) (304 Points)
Replied 13 June 2011

If you are having enough credit, you can get refund of this ADC provided you prove that you are paying VAT on your final product and correlating the inputs and outputs.

soni chauhan (Service) (670 Points)
Replied 13 June 2011

Originally posted by : VIRENDER KUMAR
	Dear Mr. Satya you can use 4% additional duty (Import) as cenvat credit, not as a vat credit

Agree ........

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 13 June 2011

Originally posted by : VIRENDER KUMAR
	Dear Mr. Satya you can use 4% additional duty (Import) as cenvat credit, not as a vat credit

agreed

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 13 June 2011

Originally posted by : VIRENDER KUMAR
	Dear Mr. Satya you can use 4% additional duty (Import) as cenvat credit, not as a vat credit

AGREED.

Rajnikant Vadigoppula (CA, CS And CMA Final) (919 Points)
Replied 13 June 2011

yes agree with tushar

Aashish Padol (EXCISE EXECUTIVE) (206 Points)
Replied 17 June 2011

Originally posted by : TusharSSampatM.Com CA,CS-FINAL
	Originally posted by : VIRENDER KUMAR Dear Mr. Satya you can use 4% additional duty (Import) as cenvat credit, not as a vat credit AGREED.

i also agreed with Mr. Tushar

CS Nadeem Ahmed Siddique (Company Secretary) (354 Points)
Replied 17 June 2011

Dear Sir, "Cenvat credit on additional duty can be availed against payment of additional duty only"

Arun Dogra (PCS) (42 Points)
Replied 17 June 2011

I agree with Nadeem siddique

Harsha.H (Team Head @ www.bease.in) (130 Points)
Replied 29 May 2012

Dear Experts,

for additional duty paid,

whether we can avail 100% credit or 50% should be defferred?

kindly guide,

Harsha.H (Team Head @ www.bease.in) (130 Points)
Replied 29 May 2012

Dear Experts,

for additional duty,

whether we can avail 100% credit or 50% should be defferred?

kindly guide,

thanks and regards,

Harsha

CMA VIKAS GOUR (CMA) (41 Points)
Replied 06 April 2015

sir,

can we used the addtioanl duty (4%) for payment of service tax, if yes what is the % of availnment.

Nagesh (Sr. Commercial Executive) (28 Points)
Replied 12 May 2016

Dear Sir,

I have recently joined this company, & they have not taken cenvat credit on additional duty of 4% earlier, I know additional duty of 4% on imports is eligible for cenvat credit, Is it possible now to utilize the AD on imports for the year 2015-16?

Thanks & Regards
Nagesh. L
9611302498 / 9742438940