Excise Addl. duty Credit

Dear all.

We have purchase one imported CNC machine and pay excise & custome duty. As per excise inspector we have taken credit for ED (16%) , Edu (2%) , SHE (1%) and Additional (Import) duty (4%). My question is how we can utilise credit of Additinoal Import duty against sell of our product in market. We have shown Addl. duty as a credit in seperate if ER-1 Return.

In short , in regular we can utilise credit of 16+2+1 duty against selling of goods now if we want to utilise credit of addl. duty i.e. 4% then in which way we can utilise and how we have to fill the return?

Awaiting your valuable responce.

Regards

Tarun Patel 

Replies (1)

Hi Tarun,

We can take credit of AED (4%) against excise duty payable on goods sold in the same way like BED & Cess. In Excise Return , you have to show credit amount of AED in Cenvat Credit taken column.

Thanks & Regards

Ca. B.K.BANSAL

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details