Is cenvat credit available on custom duty paid on import of lifts from china. The company is building a commercial complex and lifts will be installed in it.
If available what is the process.
Is cenvat credit available on custom duty paid on import of lifts from china. The company is building a commercial complex and lifts will be installed in it.
If available what is the process.
Yes, the credit of duty can be availed. The credit can be availed on the basis of "bill of entry". Bill of entry is used as an Invoice.
Rahul Dang & Associates-Chartered Accountants
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V.K. Ranjan & Co(Chartered Accountants)
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New Delhi
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