Credits from nepal imports

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Sir,

We brought material from Nepal, in Bill of Entry Additional Customs Duty charged 10%, Ed Cess 2%  & SH Ed Cess 1%,   Customs Ed Cess 2% & Customs SH ed Cess 1%. What credit are elogible to avail ?  Customs Ed Cess 2% & 1% are eligible or not?   Please anybody clarify.

Thanks,

Ramesh, Hyderabad.

Replies (1)

Cenvat credit can be availed in respect of imported goods. Cenvat Credit of education cess, NCCD and additional excise duty paid on inputs under section 85 of Finance Act (and corresponding CVD on imported inputs) can be utilised only for payment of corresponding duty on final product. Hence  Customs Ed Cess 2% & 1% are not eligible.

 

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