I wish to know whether we can avail cenvat credit of the CVD @ 14% paid on imports assuming the assessee is a service provider ??
Also, i most humbly request you to qoute the relevant section/rule for my benefit.
Thanks.
Menu
Cenvat Credit of CVD
Replies (2)
Special CVD eligible for cenvat to manufacturer but not to service provider.
Additional duty paid u/s 3(5) of the custom tariff Act(special CVD) is eligible for cenvat credit for a manufacturer, but a provider of taxable services is not eligible for such credit [ Rule 3(i)(viia) of cenvat credit rules.].
As per Cenvat Credit Rule, 2004 Rule 3(1) says that a service provider can avail all the Cenvat credit as applicable to the manufacturer except that of Special CVD, hence a service provider can avail the credit of CVD on imported Inputs and Capital Goods.
Recent Threads
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
- Duplication of Interest on SCSS deposits in postof
- Declaration of foreign investment
- Parent buying property for major child
- LIC maturity amount filing missed
Related Threads
CAclubindia
