Input Credit under GST of CVD for Imported goods but lying at Branch Office

[RAHUL SARDA]

We understand that CVD credit can be availed on brought forward stocks under GST for goods imported within one year of 30th June . In this regard I have a query that if goods were imported at Kolkata ( Head office of the company ) and some qty transferred to branch office say at Bangalore .On 30th June if such imported stock is lying at Banaglore can the CVD credit be availed or we will have to bring back the goods to the point of Import which is Kolkata . If the credit of CVD can be availed for such stocks lying at Bangalore what will be the process of availing it . Thanks

AI Summary

Can CVD Credit Under GST Be Claimed for Goods Transferred to a Branch Office? Eligibility and Process Explained. A participant in a discussion forum inquired about the eligibility to claim Countervailing Duty (CVD) credit under the Goods and Services Tax (GST) for imported goods. The query involves goods imported to the company's head office in Kolkata and subsequently transferred to a branch office in Bangalore. The question is whether CVD credit can be claimed for these goods while they are at the Bangalore branch on June 30th, or if they need to be returned to Kolkata to avail the credit. The process for claiming the credit if it is permissible at the branch office is also sought.