AED AND SAD

[HITENDRA DAVE]

DEAR SIR

I AM UNABLE TO FIND OUT EXACT DATE AND NOTIFICATION FOR  APPLICABLITY OF CENVAT AGAINST 4% SAD / AED  PAID ON IMPORT OF MATERIAL

I AM VERY OBLIDGE IF YOU CAN GIVE THE ABOVE INFORMATION

 

WITH REGARDS

HITENDRA  DAVE

 

[Radha Arun]

Rule 3 of the Cenvat Credit Rules, 2004 lists these as duties that can be taken as credit. See Rule 3(1)(vii) and (viia). Clause (viia) was inserted w.e.f. 1.3.2005.

AI Summary

Cenvat credit eligibility for special and additional import duties affirmed under the Cenvat Credit Rules after rule insertion. Cenvat credit is available for Special Additional Duty and Additional Excise Duty paid on imports under Rule 3(1) of the Cenvat Credit Rules, 2004; the specific clause including these duties was inserted with effect from 1 March 2005, and Rule 3(1)(vii) together with the inserted clause constitute the operative basis for taking such credit.