https://www.taxtmi.com/article/detailed?id=7041 Whether the 2% additional duty of customs on imported coking coal is admissible as Cenvat credit is disputed: Rule 3(1)(vii) allows credit for the additional duty under the Customs Tariff Act only to the extent it is equivalent to duty of excise specified in the Excise Tariff, and the note argues the duty charged on coal is not such excise-equivalent duty; industry practice passes the charge and manufacturers claim credit, while a counterview relies on the statutory word "equivalent" and a Board circular to support admissibility in certain circumstances. en-us Fri, 21 Oct 2016 07:09:51 +0530 Fri, 21 Oct 2016 11:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7041 Whether the 2% additional duty of customs on imported coking coal is admissible as Cenvat credit is disputed: Rule 3(1)(vii) allows credit for the additional duty under the Customs Tariff Act only to the extent it is equivalent to duty of excise specified in the Excise Tariff, and the note argues the duty charged on coal is not such excise-equivalent duty; industry practice passes the charge and manufacturers claim credit, while a counterview relies on the statutory word "equivalent" and a Board circular to support admissibility in certain circumstances. Articles Cenvat Credit Fri, 21 Oct 2016 07:09:51 +0530 https://www.taxtmi.com/article/detailed?id=7041