Cenvat credit in case of import

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ARTICLE
29 Points Joined October 2011

FOLLOWING ARE THE DETAILS OF PUR. MADE BY A MANUFACTURING UNIT..

PLEASE.TELL ME. HOW MUCH CREDIT CAN BE AVAILED i.e. HOW MUCH DUTY CAN BE PASSED..

 

 

ASSESSABLE VALUE                                                                     =             177067 

CUSTOM DUTY @ 7.5% OF 177067                                           =             13280.03

ADD. DUTY @ 12%OF (177067+13280.03)                               =             22841.64

EDU CESS @ 2% OF (13280.03+22841.64)                             =             722.43  

SHE CESS @ 1% OF (13280.03+22841.64)                             =             361.22

ADDL DUTY 19/2006 @ 4% OF(177067+13280.03+22841.64+722.43+361.22)=          8570.91

 

 

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On 29 October 2013 at 16:32 Report
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Executive Excise
1839 Points Joined January 2008

Hi, Anubhav,

Please note that on Imports only CVD and Addl duty(4%) are eligible to take Cenvat Credit as per CCR 2004, and the same only pass to customer if you are having dealer registration under Excise.

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On 29 October 2013 at 18:40
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Executive
174 Points Joined May 2012
yes agree . CVD AND ADC IS ELIGIBLE FOR CENVAT CREDIT
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On 14 November 2013 at 21:22
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Tax Advisor
1326 Points Joined July 2011

Sir,

In my view you taken the Cenvat Credit only CVD ( and their part of Ed. Cess & S. H Ed. Cess if applicable )  and Addl. duty. 

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On 21 November 2013 at 13:10


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