Adjustment of cvd

Chhavi Aggarwal (Taxation Officer) (32 Points)

19 October 2013  

A company (ABC LTD) imported some tools and paid CVD on the same. After import, it immediately sold these itmes to one of its sister concern (XYZ LTD) and mentioned the CVD paid at the time of import separately. ABC Ltd did not take the benefit of CVD. Can XYZ Ltd adjust the CVD against output service tax?