Hi All,
We are importing Inputs from UK/US. with custom duty clearance and after assemebling on the inputs we are going to export back them to UK/US with duty payment .
In above case CENVAT credit can be taken on the Import duty paid..? if so then on what proportion....?
Regards
Dhiraj
You are eligible for taken Cenvat Credit on input imported.
| TOTAL CENVATABLE AMOUNT |
=
| C.V.DUTY (BASIC EXCISE DUTY) |
+
| EDU. CESS ON CVD |
+
| SEC. & HR. EDU. CESS ON CVD |
+
| ADDITIONAL DUTY |
agree with above reply
CAclubindia
