Dear Sir,
We are exporting synthetic filaments to the countries listed in Appendix 37C and there by obtaining duty free license under Focus Marketing Scheme. We import the required material under this license without payment of duty. We understand that though there is no import duty is paid at the time of import, we are entitled to avail the Additional duty debited in the license as CENVAT credit as per Customs Notification 93/2009 dated 11.09.2009.
Kindly advise whether our understanding is right.
Regards
A.RAMESH
Exporters Can Claim CENVAT Credit on Paid Duties Despite Exemption via Focus Marketing Scheme, Customs Notification 93/2009 Clarifies A query was raised regarding the entitlement to CENVAT credit for synthetic filament exports under a duty-free license obtained via the Focus Marketing Scheme. The exporter imports materials without paying duty and seeks confirmation on availing CENVAT credit for additional duty as per Customs Notification 93/2009. The response clarified that the notification allows exemption from additional customs duty under Section 3. If the exemption is not utilized and duty is paid, the exporter is entitled to CENVAT credit or drawback. (AI Summary)
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