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 Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
