Availment of cenvat of CVD

[madhavvan n]

a company has taken a trading licenec under excise it stores the imported goods for trading at its premises and then sells the same to local parties is it required to clear goods on payment of excise duty can it avail cenvat of cvd is it required to file any returns

AI Summary

Company Inquires About Excise Duty, CENVAT Credit, and Filing Requirements for Imported Goods Under Excise Law A company with a trading license under excise law stores imported goods for trading and sells them locally. It inquires whether it needs to clear goods on excise duty payment, avail CENVAT of CVD, and file returns. One response clarifies that the additional customs duty (CVD) can be passed to customers, and quarterly returns are required. Another response states that as a registered dealer, the company cannot pay excise duty or take CENVAT credit but can pass the duty to buyers based on the quantities paid at import.