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

EXICSE (Legacy) 10449 views 17 replies

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)


Replies (17)

Dear Mr. Satya

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

not as a vat credit

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. 

Originally posted by : VIRENDER KUMAR

Dear Mr. Satya

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

not as a vat credit

Agree ........

Originally posted by : VIRENDER KUMAR

Dear Mr. Satya

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

not as a vat credit


agreed                      

Originally posted by : VIRENDER KUMAR

Dear Mr. Satya

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

not as a vat credit

AGREED.

yes agree with tushar

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

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

I agree with Nadeem siddique

Dear Experts,

for additional duty paid,

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

 

kindly guide,

Dear Experts,

for additional duty,

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

 

kindly guide,

thanks and regards,

Harsha

sir,

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

 

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

 

Dear Harsha,

We have to avail 4% SAD (ADI) 100% in the same year. 

fyi pl


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