Issue related to cenvat credit

[Hemant Kumar]

Dear All,

Greetings!!!

I have filed the bill of entry in the customs in the month of June before GST. Consignment was arrived ar ICD in the last week of July because of floods in Gujarat. I have lifted the consignment in the first week of August. Can we take the cenvat credit of CVD and additional duty? What is the last date for taking cenvat credit against old provision? I shall be very thankful to you if you provide us any notification or public notice in this regard.

Your cooperation in this regard shall be highly appreciated.

Thanks & Best regards,

Hemant Sharma

AI Summary

Cenvat credit carryforward: pre-GST customs duties can be preserved via TRAN-1; IGST paid on clearance may be claimed as credit.
Where customs duties including CVD and additional duty were paid before GST commencement but goods were cleared after GST, taxpayers should record the duty payment in the pre-GST period, treat the goods as closing stock, and carry forward the duties in TRAN-1; if IGST is paid on clearance after GST, that IGST may be claimed as input tax credit and utilised in business.