We have a manufacturing unit . we import machinery from China. On Bill of entry the following duties are chargeable Basic Custom duty CVD 12% equivalent to excise duty Special CVD 4% Education Cess & Secondary higher education cess both on BCD & CVD.
we can take the cenvat credit of Cvd 12% & Special CVD 4%.
My question is that can we take the credit of education cess 2% & SH education cess 1% charged on CVD 12% ?
Please reply as early as possible with some notification or any other guideance.
CAclubindia
