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satya (Executive Excise)     13 June 2011

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

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)




 17 Replies

VIRENDER KUMAR

VIRENDER KUMAR (ACCOUNTS OFFICER)     13 June 2011

Dear Mr. Satya

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

not as a vat credit

Mallikharjun

Mallikharjun (Deputy Manager)     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

soni chauhan (Service)     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 ADITYA SHARMA (CA IN PRACTICE )     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,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)     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

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

yes agree with tushar

Aashish Padol

Aashish Padol (EXCISE EXECUTIVE)     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

CS Nadeem Ahmed Siddique (Company Secretary)     17 June 2011

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

Arun Dogra

Arun Dogra (PCS)     17 June 2011

I agree with Nadeem siddique

Harsha.H

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

Dear Experts,

for additional duty paid,

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

 

kindly guide,

Harsha.H

Harsha.H (Team Head @ www.bease.in)     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 VIKAS GOUR (CMA)     06 April 2015

sir,

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

 

Nagesh

Nagesh (Sr. Commercial Executive)     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

 

satya

satya (Executive Excise)     12 May 2016

Dear Harsha,

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

fyi pl


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