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

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....on reg Circular No. 27/2006-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) Certificates - Clarification reg. I am directed to invite your attention ....

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....t the 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 forma....

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....than intended 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 dut....