Cenvat eligibility in epcg scheme

This query is : Resolved

Vishwas Gota (Querist)
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22 November 2013 Hi, Under EPCG scheme,when capital goods have been imported along with credit scrip can we take cenvat credit on the same based on the scrip..??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 November 2013 Where the exporter has obtained EPCG authorisation under Para 5.22 (c) of HBP v1, declaring that he shall not avail CENVAT Credit, the Export Obligation shall be fixed with reference to the basic customs duty paid. In such cases Duty Credit Scrip will be issued based on the certificate from Central Excise regarding non-availment of CENVAT credit. Such certificate from central excise regarding non-availing of CENVAT credit will not be required where the unit is not registered with central excise.

The CG imported under para 5.11 of FTP shall not be disposed of till the date of last export for offsetting EO against such CG.

for more infornmation read CHAPTER-5 OF FTP 2009-2014.

REGARDS,