Notification No. 01/2016 - Central Excise (N.T) Dated 1/02/2016. What is the meaning of this Notification ; whether CVD Credit will not be available? in Not, then from which date?
Sanjay Gujar (Manager-SCM) (55 Points)
03 February 2016Notification No. 01/2016 - Central Excise (N.T) Dated 1/02/2016. What is the meaning of this Notification ; whether CVD Credit will not be available? in Not, then from which date?
Govind Shah
(CA Final)
(75 Points)
Replied 05 February 2016
Sanjay,
CVD credit is available. Not. 01/2016 has stated that Proviso of the clause (Vii) of Subrule 1 of Rule 3 of CCR rules, 2004 has omitted and not the clause. It means we can take credit of 100% CVD on ships, boats and other floating structures.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
