regarding cvd credit taken

[Asked by Guest]

res. sir,

we are manufacturer of dutiable goods for that requirement of raw material we also import and we are paying custom duty by cheque or by using licence then we can take credit of cvd and additional duty.

so my question is that can we take credit of cvd which was paid by licence.?

or we can only the credit of cvd only which was paid by cash or by cheque.?

pls. give any appropriate guidence ..

regards,

manan pandya

AI Summary

Cenvat credit eligibility: CVD and SAD debited to FPS/FMS licences qualify for input credit, subject to revenue rules.
CENVAT credit is available for CVD and SAD debited to FPS/FMS licences, permitting manufacturers to treat such debits as eligible input tax credit under the CENVAT framework; adjustments of additional customs/excise duties paid in cash or via Duty Credit Scrips are to be processed as CENVAT credit or under the drawback mechanism per applicable revenue rules, subject to programme-specific exclusions such as SFIS.