Dear Experts,
I am a small importer. I got IEC by mentioning trader in the form while applying. My yearly import is between 50 k to 7 lakhs.
Last financial years it was just 1 lakh. We import mobile accessories like screen guards and covers.
Am i suppose to pay CENVAT? Am i liable for it ? I pay CVD so i am exempted from VAT. And what all I have to do after I import.
Thanks
Jay
If you will pay the excise duty on final product then you can take the cenvat credit on input, input services and capital goods.
SSI exemption available to all units upto the turnover of 1.5cr.
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