Dear Experts,
We are manufacturer of excisable product. We are importing major part of the raw material from outside India after paying custom duty on it. We are taking credit of the said custom duty and service tax paid on related port services.
Out of the total goods manufactures around 40% are exported without payment of duty (under Letter of Undertaking & filing of ARE-1) .
Our query is :-
1. Can we take full credit of the above mentioned custom duty and service tax on port services at the time of import.
2. Can we take credit of service tax paid on port services at the time of export
Regards,
CAclubindia
