Dear All Can Benefit Recd under DEPB Scheme utilized as Cenvat Credit agst Excise or it is only utlized agst the Duty Payable under Customs??
Plz reply at the earliest.
Menu
DEPB Scheme
Replies (2)
DEPB can be utilised only for payment of custom duty. However, cenvat credit of CVD/SAD is available, if paid through DEPB.
| Originally posted by : Rajesh Kumar | ||
 |
DEPB can be utilised only for payment of custom duty. However, cenvat credit of CVD/SAD is available, if paid through DEPB. |  |
As per Customs Notification No.89/2005, condition no.(vi), importer is entitled to avail Cenvat credit of additional duty leviable under Section 3 of the Customs Tariff Act, against the amount debited in the Duty Entitlement Pass Book (DEPB).
Validity of above notification has been extended "till further notice" by notification no.41/2008-Cus. dated 31-03-2008.
Recent Topics :
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
Related Topics :
CAclubindia
