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Cenvat

PAWAN KUMAR (Manager) (34 Points)

18 July 2016

If we import the packaging material for packaging the manufactured goods. can we take the cenvat on this imported packaging material.

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4 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 18 July 2016

I think yes because packing forms part of assessable value for the purpose of ED

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PAWAN KUMAR (Manager) (34 Points)
Replied 18 July 2016

Thanks Poornima for suggestion.

If custom duty paid on packaging is higher(12%) than the output duty(4%) then your answer is different? I mean it is restricted to outputduty rate or 12%. Please specify. Thanks

CMA Poornima Madhava (CMA) (13112 Points)
Replied 18 July 2016

Hope you are referring to CVD. If yes, you may avail credit of entire duty paid irrespective of output duty payable. But if you are referring to basic customs duty, then you cannot avail credit of the same.