cenvat credit on inputs, Customs - Exim - SEZ

[anand rama rao]

Dear All,

I am working in an 100 percent EOU. We are getting inputs from our vendors on without payment of duty) CT-3.

How can I take credit on the inputs.

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

         CT-3 authorizes your vendor to remove excisable goods without payment of duty.  Hence there is no question of availing credit of duty since the duty paid is Nil or 0

[anand rama rao]

Thank you for the clarification. We are executing b-17 bond. So pls suggest me the credit - debit procedure on inputs

Thanking you

[Rajagopalan Ranganathan]

Sir,

I am not able to understand your query. 17 bond is executed by you for obtaining raw materials and capital goods without payment of duty (both imported and indigenous procurement).  Since the inputs and capital goods are received without payment of duty question of taking credit does not arise.   Therefore please frame your question so as to bring out the point to be clarified.