Dear Sir,
We have imported a material first for trail purpose say in 2014 at that time we had paid appropriate customs duty but we have not availed any credit for the said material at that time. Now the importer will be selling such material, therefore please explain us how can we avail such credit on the basis of which document and can we avail the credit now.Therfore please explain us the Central excise provision, Thanks & regards.
Guidance on Claiming Credit for Imported Materials: Domestic Sale, Manufacturing Use, or Export Refund Options Explained. An individual inquired about availing credit for imported materials initially brought in for trial purposes in 2014, for which customs duty was paid but no credit was claimed. The query sought guidance on how to claim such credit now. The response outlined three scenarios: if the material is sold domestically, no credit is available; if used in manufacturing excisable goods, credit for the CVD portion of the duty can be claimed; if exported, the importer can claim a refund of the import duty as a drawback. (AI Summary)
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