In Rule 9 of CCR,2004 it is the credit can be taken under the cover of invoice issued by importer , pls clarify why importer will issue invoice .....pls clarify with a short example , if possible.
Saurabh Maheshwari (B.com,ACA) (5923 Points)
01 September 2012In Rule 9 of CCR,2004 it is the credit can be taken under the cover of invoice issued by importer , pls clarify why importer will issue invoice .....pls clarify with a short example , if possible.
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 03 September 2012
CENVAT credit can avail on the basis of Bill of entry if you are a direct importer and if you buy goods from an importer, the inovice issued by the Importer is an eligible documents for claiming CENVAT Credit.
NITIN SAKPAL
(Deputy Manager - Indirect Taxation)
(145 Points)
Replied 06 September 2012
| Originally posted by : Saurabh | ||
 |
Sir, If you are direct importer, credit can be avail on basis of bill of entry. If importer is selling goods to you, he will clear the same under his dealership invoice - where you can avail duties passed on by him. |
 |
CA Saiyum khan
(Practicing CA)
(690 Points)
Replied 10 September 2012
Import invoice, supported by the custom bill of entry is eligible document for claiming the cenvat credit.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
