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

Clarification on CENVAT Credit Applicability for 4% SAD and AED Under Rule 3, Cenvat Credit Rules 2004, Effective March 1, 2005. A participant inquired about the specific date and notification related to the applicability of CENVAT credit for 4% Special Additional Duty (SAD) and Additional Excise Duty (AED) paid on imported materials. In response, another member clarified that Rule 3 of the Cenvat Credit Rules, 2004, allows these duties to be taken as credit, specifically referring to clauses (vii) and (viia), with clause (viia) being effective from March 1, 2005.