Cenvat on import

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 November 2012 Dear Experts

when we import we are taking CVD and SAD as Cenvat.

For Manufacturer when we take CENVAT benifit, we are adjusting above two heads as normal purchase CENVAT amount agst duty payable.

Please clarify whether we have to show CVD & SAD in our sales bill saperatly or normal rate 12%

U S Sharma

U S Sharma (Expert)
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10 November 2012 1) as a dealer you are not eligible to take credit of any duty, but you can pass on the duty only to next buyer/manufacturer.

2) if you are manufacturer, then you have to take credit and pay duty on your final products, ( not on your imported goods)