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CENVAT CREDIT

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....ENVAT CREDIT<br> Query (Issue) Started By: - RAMESH ANANTHAKRISHNAN Dated:- 22-6-2012 Last Reply Date:- 25-6-2012 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>Dear Sir, We are exporting syntheti....

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....c filaments to the countries listed in Appendix 37C and there by obtaining duty free license under Focus Marketing Scheme. We import the required material under this license without payment of duty. W....

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....e understand that though there is no import duty is paid at the time of import, we are entitled to avail the Additional duty debited in the license as CENVAT credit as per Customs Notification 93/2009....

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.... dated 11.09.2009. Kindly advise whether our understanding is right. Regards A.RAMESH Reply By Dilip Darji: The Reply: Dear Sir. It is very clear in the notification that you can very well avail....

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.... the exemption from payment of additional duty of customs leviable under Section 3, under the scheme. However, if you have not availed such exemption, and paid duty, you are entitled to CENVAT credit....

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.... or drawback.<br> Discussion Forum - Knowledge Sharing ....