Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Cenvat credit availability of CVD portion in Custom cess 2% and Custom SHE Cess 1%

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear all We are manufacturer. We procure our raw material through import. In bill of entry there is Custom duty @5%, CVD @ 12%, Custom cess @2%, Custom SHE Cess@1% and Addl. Duty @4%. From this duti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es We avail Cenvat on CVD @12% and Addl. Duty @4% my query is: Can we avail Cenvat credit on CVD portion in Custom Cess (2%) and SHE Cess (1%). Please express your views. - Reply By issac m - The Rep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ly = My view is we can avail the cess and sh.cess - Reply By Sanjay Sharma - The Reply = Dear, Ed.Cess on CVD & SHE. Cess on CVD is exempted now, no question of credit availment of the same. Regards .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , Sanjay Sharma - Reply By Pradeep Khatri - The Reply = CESS on CVD has been exempted and Cess on Customs duty would not be available for credit. - Reply By Ramanujam Varadarajan - The Reply = Cenv .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... at credit is entitled only on CVD, Cess on CVD or SAD (except for service providers). Cess on CVD has been removed for imports from last year. The Customs cess or Customs SHE cess is not eligible fo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r Cenvat credit. - Cenvat credit availability of CVD portion in Custom cess 2% and Custom SHE Cess 1% - Query Started By: - Yatin Bhopi Dated:- 25-2-2013 Central Excise - Got 4 Replies - Central Exc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates