TaxTMI 
TaxTMI 
Ours is Foundry and we have exported our castings to varous customers. Some of the castings has been rejected by our customer and we have brough back the same as re-import. After receipt we will remelt the castings. Our CHA is telling that as per Notf. No. 94/96 - Customs they will prepare BE. They will prepare Bill of entry without showing CVD amount on BE i.e. 0 and they will show CVD and other particulars on challan (/TR-6) only. Please clarify can we get cenvat credit on CVD amount when their is nil duty showing on BE.
CENVAT CREDIT ON RE-IMPORTED GOODS
SANJEEV JADHAV
CENVAT Credit Denied on Re-Imported Castings Due to Nil CVD on Bill of Entry Under DEPB Scheme A foundry exported castings, some of which were rejected and re-imported for remelting. The query raised concerns about claiming CENVAT credit on the Countervailing Duty (CVD) when the Bill of Entry (BE) shows nil duty. One response clarified that CENVAT credit for CVD is only admissible if supported by duty-paying documents, including the BE, and if the CVD is shown as nil, no credit is available. Another response requested information on the export scheme used, to which it was confirmed that the exports were made under the DEPB scheme. (AI Summary)