TYPE OF CUSTOM DUTY & UTILISATION OF ITS CREDIT

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Dear All,

Please tell me the type of custom duty involved in importing a capital assets & What will be the treatment (its credit availment and utilisation) of custom duty involved i these transaction.

I will be highly oblised

Thanks

Replies (2)

normally custom duty is 7.5% cenvat  credit not available

on rest cvd10.3% and 4% cvd is eligible as cenvat credit.

Note- it depreciation is not permitted on cvd10.3% and 4% cvd is eligible as cenvat credit. if we avail cenvat credit under central excise

MR. DURGESH JI,

YOU ARE REQUEST TO PLEASE LOG ON THE BELOW MENTIONED LINK:-

https://www.cbec.gov.in/cae1-english.htm

 


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