Modvat Credit on Import Items

This query is : Resolved 

15 March 2008 we Unit of a limited company import goods & cleared the same from custom in our registered office name & address on the same how we can avail the CENVAT Credit. Please explain the procedure in details.


15 March 2008 Credit(CVD) can be availed on the basis of bill of entry and the duty payment challan.


17 March 2008 If your concern is having ECC Registration then Credit(CVD) can be availed on the basis of bill of entry and the duty payment challan. The 1/2 of amount credit taken during the year and balance will be in next year



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