We are manufacturer exporter of Aluminium cookware. We are in receipt of credit script under MEIS scheme. We understand that the script can be used for payment of custom duty and also payment of excise duty. We are not interested in importing raw material against payment of duty. Please clarify :
1. Can we credit the MEIS amount to our CENVAT/ GST input credit account
2. Can we pay GST payable on sale of our finished goods in the domestic market through our MEIS script
3. In either of above cases, will we still be required to get our script registered with the custom department as required when script is to be used for payment of duty against imports.
MEIS Credit Scripts Cannot Be Used for GST Payments; Registration with Customs Required for Utilization A manufacturer exporter of aluminum cookware inquired about the utilization of MEIS credit scripts, specifically regarding crediting the MEIS amount to their CENVAT/GST input credit account and using it to pay GST on domestic sales. Mukund Thakkar responded that MEIS scripts cannot be credited to CENVAT/GST accounts as they are not valid documents under central excise rules, and advised waiting for clarification from the GST council on using MEIS scripts for GST payments. He also confirmed that registration with the customs department is mandatory for script utilization. Mariappan Govindarajan agreed with Thakkar's views. (AI Summary)
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