Dear All,
I want to import some product from UAE. I want to sell them in India either directly or by repacking or mixing.
On the product following is the duty strutcuture:
Basic Cutom Duty - 10%, Education Cess- 2%, Secondary and Higher Edu. Cess- 1%
Countervailing Duty- 12%
Additional CVD- 4%.
The output excise application on this item is 10.36% (incl cess).
Please advise how much of the duty paid can be availed as set-off in Cenvat and what procedure will I have to adopt.
Thanks.
Being an importer, will I get any credit or only my customer will be able to obtain credit on excise.
Will I get any refund, if I am able to sell my goods within a year. I learnt from someone that I can claim refund on additonal CVD if sale is done within a year.
we are not a manufacturer, only trader.
is special additional duty same as additional CVD?
Taxes Accounting As
custom duty Expenses
Custom Education Cess Expenses
Excise Duty Input Credit
Excise Cess Input Credit
CVD Input Credit
sir,
u can take centvat credit only on CVD paid sir.
regards.
p.r.ganesh
sir.
CVD Only eligible to claim Centvat Credit on imports
with regards.
P.R.GANESH
sir,
u can take centvat credit only on CVD paid sir.
regards.
p.r.ganesh
CAclubindia
