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Bill of Entry

manish somani (service) (28 Points)

15 November 2007

we have received imported material. The Bill of Entry received is in the name of Head office. can we are entitled to take credit of the same. if yes, then what procedure we have to followed to take such credit.

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5 Replies

ajay garg (Service) (74 Points)
Replied 16 November 2007

It is well decided through various CESTAT case that if bill of entry is in name of head office, cenvat credit will be available but the main thing is that the input or capital goods should be used in manufactuing unit, where the cenvat credit will be utilized. If you reqire reference cases, kindly let us know??? Regards Ajay Garg

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Vijay K. Agrawal (Service) (608 Points)
Replied 21 November 2007

for safe side you write endorsement on the back of bill of entry to this effect.

Vishvesh (MNC) (172 Points)
Replied 26 November 2007

In terms of Circular No.179/13/96-CX dated 29-2-1996 (F.No.267/40/96-CX-8), credit can be taken even where the Bill of Entry is in the name of Regd Office. The entire consignment covered by the Bill of Entry should be recd in the factory in original packed condition; the Bill of Entry should be duly endorsed by the Regd Office/Head Office. Similar clarification vide Circular No. 211/45/96-CX dt.14-5-1996 (F.No.267/40/96-CX.8) is given in the case of goods procured in domestic market. You may please refer to the above circulars to ensure that you comply with all the conditions specified therein. - Vishvesh

Ramesh Kothari (Manager-EOU commercial) (161 Points)
Replied 21 December 2007

Yes u can get the credit subject to the goods to used at the unit and endorsement in bill of entry for sending the goods to our works Regds Ramesh Kothari

hamid (Manager Finance/Commerce) (74 Points)
Replied 30 December 2007

Please see Circular No.179/13/96-CX dated 29.02.1996 and Public Notice No-16/2006 dated 22.03.2006 reported at 2006 (196)ELT T4.Yes u can get the credit subject to the goods to used at the unit and endorsement in bill of entry for sending the goods to our works