Importers Must Meet Dual Conditions for Exemption: Duty Paid Inputs and No CENVAT Credit Availment Required.

Importers Must Meet Dual Conditions for Exemption: Duty Paid Inputs and No CENVAT Credit Availment Required. https://www.taxtmi.com/highlights?id=29466 In cases where the exemption Notification stipulates two conditions, namely that the inputs should have suffered duty and that no CENVAT credit should have been availed, then the benefit of the Notification will be available only if both conditions are satisfied. An importer will never be able to satisfy both these conditions and hence, he cannot claim the benefit. - HC en-us Thu, 26 May 2016 09:03:14 +0530 Thu, 26 May 2016 09:03:14 +0530 TaxTMI RSS Generator Importers Must Meet Dual Conditions for Exemption: Duty Paid Inputs and No CENVAT Credit Availment Required. https://www.taxtmi.com/highlights?id=29466 In cases where the exemption Notification stipulates two conditions, namely that the inputs should have suffered duty and that no CENVAT credit should have been availed, then the benefit of the Notification will be available only if both conditions are satisfied. An importer will never be able to satisfy both these conditions and hence, he cannot claim the benefit. - HC Highlights Customs Thu, 26 May 2016 09:03:14 +0530 https://www.taxtmi.com/highlights?id=29466