CENVAT CREDIT CAN BE AVAILED ON DUTY OF CVD & SAD IF PAID BY DEPB DURING IMPORT RM.

[Guest]

DEAR EXPERTS,

we are manufacturer and paying duty on our FG. material on monthly basis.

and we are importing our Raw Material under DEPB & DEEC Scheme, hence can we eligible to take credit OF CVD & SAD . if we use / paid duty by DEPB License ...

pls. advice for this query..

regards,

Manan

[Himansu Sekhar]

You will take credit on the strength of bill of entry.

[Guest]

thank you sir for your reply, still i have query about DEEC scheme also. if custom duty paid BY DEEC thn also we can take credit of the same (CVD & ADD.DUTY )

pls. advise ..

regards,

Manan

AI Summary

Manufacturer Seeks Clarification on Claiming CENVAT Credit for CVD and SAD with DEPB and DEEC Schemes A manufacturer inquires about the eligibility to claim CENVAT credit on Countervailing Duty (CVD) and Special Additional Duty (SAD) when duties are paid using the Duty Entitlement Pass Book (DEPB) scheme during raw material importation. An expert advises that credit can be taken based on the bill of entry. The inquirer seeks further clarification on whether credit can also be claimed under the Duty Exemption Entitlement Certificate (DEEC) scheme when custom duties are paid through it.