Custom and Service Tax

CVD portion of custom duty can be taken as cenvat credit.

Hi Shyam Lal Naik

Can i know what is that CVD Portion.

CVD stands for Counter Veiling Duty

Apart from Counter Vailing duty ( CVD ), Addiitional Custom duty ( ACD )/ Special additional duty ( SAD ) paid by manufacturer on import of goods ( including inputs & Capital goods )are eligible for Cenvat Gredit.  

Thank you sir...