In the year 2005, a company imports a raw material without payment of duty against Advance Licence. The company had to fulfill the export obligation within 2 years.

The Company failed to fulfill the export obligation. In 2009, the Customs dept. issued a demand notice for BCD, CVD and interest for the B/E in the 2005. The Company paid the import duty(BCD + CVD) along with interest.

Now in the fin year 2009-10, can the company take the CVD for CENVAT???

Thanks in advance,
Arul.

On the Import of goods, different type of import duty leived.

Is set-off available of all different type of import duty only in CENVAT credit rule ???

My client is purchasing some goods from abroad on which he is paying SAD on a provisional Basic, The SVB order has received on 29th Nov-09. Being a trading company is he eligible to get it refund within 1 year.
The audit for FY 2008-2009, has been finalized without providing the said amount. It’s necessary to provide in the balance Sheet, or without providing we can file a refund claim.

Thanks & Regards

Can we take the CENVAT credit on R&D (reserch & Development)Equipment(capital Goods)Please guid us w/relevant notification/Circular.

Query : Is CVD duty and additional duty leived on the Import of goods BOTH are eligible for being set-off under CENVAT credit.

Aslo As per Rule 3(1)(vii) and Rule 3(1)(viia) of CENVAT Credit Rules,2004, the credit of both types of duties is allowed.
but in Rule 3 (1) (Viia) aslo say that
Provided that a provider of taxable service shall not be eligible to take credit of such additional
duty;
But what will be in case of someone is providing taxable service and taxable sale under MVAT. Then he can take set-off of both custom duty or NOT ???

Dear All,
Pls explain the procedure for refund claim of customs duty paid when RM & CG are imported.

Thanks & Regards
Biji Varghese
9011096842

Is CVD duty and additional duty leived on the Import of goods BOTH are eligible for being set-off under CENVAT credit

Can any one please tell me the provisions under Customs Act relating to duty on "pilfered goods, on goods derelict, wreck, jetsam?"

If a foreign company wants to give its machinery on lease to a company in india and take it back after the lease period is over, is it possible???

If yes can u plz help me out with the procedure?

Situation 1

Company X is a MNC in gujarat. It wants to import a machinery from outside and give it on lease in mumbai. It has just applied for IEC registration on 15-01-10. Can it send the order for the machinery on 18-01-10? Will the company have to wait till the registration is complete? In any case the machinery will be delivered in March only as it wil come by ship.