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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.....605/78/2005-DBK Government of India Ministry of Finance Department of Revenue ----------- 13th 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 to the above mentioned subject. 2. The Duty Free Credit Entitlement (....

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.... 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 the Central Excise are not allowing CENVAT credit on the strength of the duty debited through DFCE/Target Plus Certi....

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....s. 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 under section 3 of the Customs Tariff Act, 1975 against the amount debited in the certificates issued under the said schemes. In view of this as als....