Customs duty credit against excise duty liability

3279 views 2 replies

Dear All,

Please help.

Can one take credit of customs duty paid against Excise Duty Liability?

If yes ,please provide the relevant sections,case studies,circulars,notifications,etc.,if possible.

Thanks

Replies (2)

Custom duty paid for clearance of goods consist of many items like:

1) Basic Custom duty ( including Education Cess ).

2) Counter vailing Duty ( including Education cess ).

3) Special Additional Duty

Out of the above three we can take the credit of Counter vailing duty and Special Additional Duty.

 

Hope it clarifies your doubt.

Thanks Dear Mr. Rahul.it was of gr8 use.Thanx a lot.

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