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Custom duty

shivaprakash (CA-Final) (100 Points)

08 December 2012  

Hai,

we are providing broadband service, during previous years from 2005-06 to 2011-12 we have imported goods and paid custom duty also but we never took any custom duty credit, can we take credit of the same during the current year. plase help me out.


 1 Replies

Devendra (Chartered Accountant) (4765 Points)
Replied 08 December 2012

Basic Customs Duty credit cannot be availed, only if Countervailing Duty is charged on the product the same can be availed. Therefore in your case BCD cannot be availed against Broadband service provided by you. Regards, Devendra Kulkarni

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