CENVAT CREDIT

[ASHISH KUMAR]

HELLO ,

WE IMPORTED A MACHINE IN DECEMBER 2015 ( AGAINST ZERO DUTY EPCG SCHEME ). Now we want to surrender our epcg license , after paying all the duty ( customs , excise ) plus Interest

After paying it , we want to take the cenvat credit ( for the excise component ). Is it allowed ? - (we are a manufacturer and registered with excise)

If yes , against which document ( as the Bill of Entry shows zero duty ) ??

[PAWAN KUMAR]

Dear Ashish Ji,

You may claim cenvat of duties (CVD & Addl.Duty) on GAR-7 along with copy of bill of entry supported with the details of custom duty. The details may please be prepared in excel and authenticated.

[Ganeshan Kalyani]

Sir, if possible should explore the possibility of fulfilling EO. Thanks.

AI Summary

Cenvat credit entitlement: claim duties paid on import via GAR-7 with bill of entry and authenticated duty details.
After paying customs and excise duties and interest on a zero-duty EPCG import, cenvat credit of CVD and Additional Duty can be claimed by submitting GAR-7 together with a copy of the bill of entry and authenticated, reconciled details of the customs duty (preferably in excel). Consideration should also be given to fulfilling the EPCG export obligation where possible.