Sir,
I am a employee of a service provider of Telecom Services. Some equipments purchased from China and all equipments are used for providing service to customer. My query is that my company get cenvat credit for custom duty (BCD, CVD, Custom Edu Cess, Addtion Duty(Imports), SH Cust Edu Cess) paid on above said equipment.
Regards,
S.Sen
Accounts Officer
he is eligible for cvd and additional duty, but dont know about BCD....wait for others to comment
Revinder singh sir, will you provide in detail.
Hi,
No credit shall be allowed in case of BCD for CVD 3(1) full creidt shall be allowed, in case of CVD 3(5) u can't adjust it against Service tax credit but u can adjust it against exciseduty credit if u have and for e-cess and HE- cess credit shall be allowed in normal way.read rule 3(7)(a) of CCR 04. for more information
Thanks & Regards,
Abhishek Harnandka.
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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