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

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..... Cenvat credit availability of CVD portion in Custom cess 2% and Custom SHE Cess 1%
Query (Issue) Started By: - Yatin Bhopi Dated:- 25-2-2013 Last Reply Date:- 27-2-2013 Central Excise
Got 4 Rep .....

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Central Excise
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. .....

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..... Duty @4%. From this duties 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. Rep .....

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..... ly By issac m: The Reply: 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 t .....

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..... he same. Regards, 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 Rep .....

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..... ly: Cenvat 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 elig .....

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..... ible for Cenvat credit.
Discussion Forum - Knowledge Sharing .....

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