TaxTMI 
TaxTMI 
TRANSFER OF ACD AND CVD TO GST
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....RANSFER OF ACD AND CVD TO GST<br> Query (Issue) Started By: - sachin shilamkar Dated:- 17-5-2017 Last Reply Date:- 27-5-2017 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>What are the provisions under GST for transfer of ACD and CVD paid by the importer/dealer on the closing stock which will transfer to GST on 1st July when GST will get implemented. What records need to be maintained a....
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....nd how to apply for the same. Regards Sachin Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Explanation 1 & 2 appended to Section 140 of CGST Act, 2017 " eligible duties" means- the additional duty leviable under sub-section (1) of section 3 of the Customs Tariff Act (CVD), 1975 (51 of 1975.); (iii) the additional duty leviable under sub-section (5) of section 3 ....
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....of the Customs Tariff Act, 1975 (SAD) (51 of 1975.); Therefore you can transfer ACD and CVD paid by the importer/dealer on the closing stock which will transfer to GST on 1st July when GST will get implemented. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Ranganathan, Sir. Reply By GORAKHNATH KHARADE: The Reply: sir What Position of Custom Education Cess & Higher Custom Edu....
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....cation Cess on our Cenvat Account is there possible to get return because we are not able to untilise this amount . Gorakhnath Kharade 9920200983 Reply By ATUL JINDAL: The Reply: With regards to ACD / SAD refund, please advise what will happen to the SAD Refund files which would be pending with Customs Department for refund as on 01st July, 2017 Regards, (Atul Jindal)<br> Discussion Forum....
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