Import duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2011 Dear sir,

we are manufacturer of ferro chrome and have imported some raw mat. during 2009-10,and taken credit of import duty.

now i wanted to know that whether we can use the same credit agnst excise duty payble.

Preety Parik

Preety Parik (Expert)
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22 August 2011 Only Countervailing duty( CVD *10.3%) and additional duty of excise (4%) paid on imports are eligible for credit against excise duty, Custom duty paid on imports is not eligible for credit.