Excise Duty Credit Taken for Additional Duty.

[GORAKHNATH KHARADE]

Dear sir

We are import raw mateial and use to production and cenvat credit taken of our CENVAT ACCOUNT we are taken cenvat credit on Bill of Entry ,cvd and additional duty 4% .

we sale finshied goods to local market ,we have to pay excise duty for home consumption ,can we use addiitional duty credit balance in our cenvat accounts ,

If yes please provide me notification or circular

Thanks

Gorakhnath kharade
9920200983

AI Summary

Can Additional Duty Credit Offset Excise Duty on Local Sales? Refer to Rule 3 of Cenvat Credit Rules, 2004. An individual inquired about using additional duty credit from their CENVAT account to offset excise duty on finished goods sold locally. They sought confirmation and relevant notifications or circulars. Two responses were provided: one suggested referring to Rule 3 of the Cenvat Credit Rules, 2004, while the other clarified that only the credit for Countervailing Duty (CVD) is permissible for such use.