Excise duty

I Think it will (Basic CVD 10% +Ec+SHEC)which is equivalent to Excise Duty on that product in India. 

Credit of BCD is not allowed. I have doubt whether the credit of EC & SHEC paid on total Custom Duty is allowed or not.

waiting 4 others comments.

Basic CVD 10% +Ec+SHE Cess) is only CENVATABLE,  

Cusomts duty (BCD) and Customs Cess (2+1%) on BCD is not CENVATABEL.

Regards,

Sanjay Sharma

thanks MR Sanjay..

Vishal & sanjay both r right........

hey

if smone is engaged in transporting business n for dat some trucks are purchased.den hw can v adjust the excise duty paid on such trucks.n the services wich r provided r not liable to any tax n d assessee doesnt hv any oder business.

pls rply if ny1 has ny idea

Originally posted by : nidhi goel
	hey if smone is engaged in transporting business n for dat some trucks are purchased.den hw can v adjust the excise duty paid on such trucks.n the services wich r provided r not liable to any tax n d assessee doesnt hv any oder business. pls rply if ny1 has ny idea

input credit not possible if the output services are exempted.