Availing of CENVAT Credit of Additional Customs Duty (CVD) paid through Duty Free Credit Entitlement (DFCE) / Target Plus Scheme (TPS) Certificates – Clarification reg

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.... Certificates - Clarification reg Circular No. 22 /2006-Cus.         F.NO.605/78/2005-DBK Government of India Ministry of Finance Department of Revenue ----------- 13^th October, 2006. Sub: Availing of CENVAT Credit of Additional Customs Duty (CVD) paid through  Duty Free Credit Entitlement (DFCE) / Target Plus Scheme (TPS) ....

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....e amount debited in the said certificate. 3.In this connection, a doubt has been raised as to whether Rule 3 of the CENVAT Credit Rules, 2004, which provides for allowing CENVAT credit of the specified duties of Customs/Central Excise subject to certain conditions, also needs to be suitably amended.  Representations have  been received from the Trade that certain field formations in t....

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.... interpretation.  It is seen that notification No.32/2005-Cus. already provides for the same." 5. As mentioned above, notification Nos. 53/2003-Cus. dated 1.4.2003 and 32/2005-Cus. dated 8.4.2005 governing imports under DFCE and Target Plus Scheme respectively clearly stipulate that the importer shall be entitled to avail of the drawback or CENVAT credit of additional duty leviable un....