Cenvat Credit SAD 4%

[Sanju Sharma]

Dear Sir,

Manufuacture is eligible to take Cenvte Credit of SAD 4% on import of goods in FY 2016-17

If yes, please share notification, because I have give it to my CA,

Regards

Sanju Sharma

[Rajagopalan Ranganathan]

Sir,

According to rule 3 (viia) of CENVAT Credit Rules, 2004 " A manufacturer or producer of final products or a provider of output service shall be allowed to take credit of the additional duty leviable under sub-section (5) of section 3 of the Customs Tariff Act (SAD).

[Yash Jain]

Dear Sir

Agree with esteemed experts.

[DR.MARIAPPAN GOVINDARAJAN]

The manufacturer is eligible to take credit.

[Ganeshan Kalyani]

Yes the credit is eligible.

AI Summary

Cenvat credit eligibility for SAD on imports affirmed under CENVAT rules allowing additional duty credit. Manufacturers are eligible to take Cenvat credit of Special Additional Duty paid on imports; the entitlement is founded on the CENVAT Credit Rules permitting credit of the additional duty leviable as SAD under the customs levy framework, and practitioner responses uniformly confirm that SAD on import qualifies as an input tax credit for manufacturers.