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CENVAT Credit on CVD - Imports

Customs - Started By: - Ganeshan Kalyani - Dated:- 17-3-2016 Last Replied Date:- 18-3-2016 - Dear Experts, With reference to Notification No. 1/2016-Central Excise (N.T.) dated 01.02.2016, the CENVAT Credit on CVD - Counter vailing duty has been omit .....

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ge. What will be the impact on those assesses who has taken set-off on CVD. Clarification is expected in this regard. Dear Experts please share your views in this regard. - Reply By KASTURI SETHI - The Reply = Dear Sh.Ganeshan Kalyani Ji, Sir, What I .....

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ective from 1.3.11. By this notification restriction of availing not more than 85% of Additional Duty of Customs on ships, boats etc-was imposed. This proviso stands omitted means restriction has been withdrawn. Now full credit of Additional Duty Cus .....

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04, in rule 3, in sub-rule (1), in clause (vii), the proviso shall be omitted; By implementing this notification retrospectively from 1.3.15, the Govt. has restored the benefit (say substantive right) which was snatched. Do you agree ? I would like t .....

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Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Ganeshan ji, What has been taken out in Notification No. 01/2016-CE(N.T.) dated 01.02.16 is Availment of CENVAT Credit in excess of 85% of Custom Duty paid on Ships, boats and other floating structur .....

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