Hi,
Can any one give details abt how to take Cenvat credit set off against various types of duties For eg NCCD against NCCD only then BED against ???? also other duties like AED (TTA) etc....
Many Thanks
Launchpad
Anand Launchpad (SA) (57 Points)
07 September 2009Hi,
Can any one give details abt how to take Cenvat credit set off against various types of duties For eg NCCD against NCCD only then BED against ???? also other duties like AED (TTA) etc....
Many Thanks
Launchpad
Raj Singh
(Accountant)
(47 Points)
Replied 09 September 2009
Dear Mr Anand as per Cenvat Credit Rules, You can take the cenvat credit against the duty u have paid. For Eg if u have paid the BED then u can claim the cenvat against charging BED only and you cannot Set off BED against AED u will charge.
Anand Launchpad
(SA)
(57 Points)
Replied 09 September 2009
Thanks Raj,
Could you please explain in detail i am a bit confused i am not sure but i guess we can take cenvat credit of BED for payment of EC and SHEC if this holds true can we utilize this for Payment of NCCD also.
Regards
Anand
karthik
(Manager - Finance)
(21 Points)
Replied 24 April 2010
Hi All,
Can any one tell me it is mandatory to produce our credit details during filing of ST3.
Regards,
Karthik T D.
CAclubindia
