Import duty paid through DEPB Purchase - Credit allowed ?

i guess no

as DEPB is issued with a disclaimer that goods are / to be manufactured without cenvat credit at any stage, so the input credit is not possible.

In my opinion, to take credit of payment and the mode of payment of duty is altogether different issue.

As far as DEPB lic is concerned, you have paid the duty to that exorter only, so your duty liability remains discharge with DEBP instead of Cash. However, when you have paid duty than you are eligible for credit.

You can go through M.F. (D.R.) Circular no. 22/2006-CUS, dated 13.10.2006.

Jay Hind

In my opinion, to take credit of payment and the mode of payment of duty is altogether different issue.

As far as DEPB lic is concerned, you have paid the duty to that exorter only, so your duty liability remains discharge with DEBP instead of Cash. However, when you have paid duty than you are eligible for credit.

You can go through M.F. (D.R.) Circular no. 22/2006-CUS, dated 13.10.2006.

Jay Hind

I agree with the opinion given by Mr. Himanshu.  You can also go through the following circular.

Circular No. 59/2004-Cus., dated 21-10-2004