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Cenvat credit
we are first stage dealer and also import the material
i would like to ask my query by giving example
We import material having BOE 50 Tonne,but transfer the material to our warehouse from port only 15 tonne the remaining material is at port only
my query is How much credit shall i avail??
Should i take credit of full 50 tonne or only 15 tonne which i transfer to my warehouse
Replies (5)
you take credit of 15 tonne now and as and when you exbond from warehouse take credit for another 35 tonnes
you take credit of 15 tonne now and as and when you exbond from port take credit for another 35 tonnes
cenvet credit form
we pay the full custom duty at the time of import
if you have not kept your goods at the bonded port then take full credit of 50 tonnes since customs duty paid in full
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