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Reversal of duty on impored goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 February 2015 Hello Sir,

My query is regards to Purchase Return of Imported goods. Do I need to reverse credit available if I return the imported goods. Since duty is paid at port and not to party so will that be an expense for me? Since I have Paid duty at the time of Importing goods (CVD + Sp. CVD). I cant debit the party for same?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
08 February 2015 You have paid the duty at the time of import of goods then you can take the cenvat credit of CVD and SAD.
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