Utilisation of MEIS credit Script

[Guest]

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.

[MUKUND THAKKAR]

1. Can we credit the MEIS amount to our CENVAT/ GST input credit account.

Big No.. because as per central excise cenvat rules script is not valid documents for taking cenvat credit.

2. Can we pay GST payable on sale of our finished goods in the domestic market through our MEIS script.

wait for clarification from GST council

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.

yes, it is compulsory without registration. utilization is not possible.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Mukund

AI Summary

MEIS credit script cannot be availed as CENVAT/GST input credit; customs registration required for utilisation. The MEIS credit script is not a valid document for taking CENVAT or GST input credit; crediting MEIS to CENVAT/GST input accounts is impermissible. Use of the script to pay GST on domestic sales awaits GST Council clarification. Registration of the script with the customs department is mandatory for utilisation to pay import duties; without registration utilisation is not possible.