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C.V.D.

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(Querist)
09 March 2009 If we received C.V.D. on our purchase Invoice can you avail Cenvat Credit of that C.V.D. ?
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
09 March 2009 CVD paid under rule 3(1) is only eligible for cenvat credit
CVD u/r 3(1) is always equal to Basic excise duty, this duty is leveid when the imported Goods are similar to Goods manufactured in india and on which Govt. collect Excise

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