Credit if education cess paid on custom duty
ramesh (service) (115 Points)
20 December 2013
can we take credit of education cess paid on custom duty? pls guide.
4 Replies
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 20 December 2013
Nope credit of educess & shec paid on custom duty not allowed
kumar hattanna
(Officer - Excise)
(525 Points)
Replied 21 December 2013
In case of indigenous goods vat will be applicable at prescribe rate, where in case of imported goods custom duty is applicable to avoid the outflow of Indian currency. To benefit indigenous manufacturer government introduce tax system as custom duty, which will be payable at the 4% and same is not eligible for cenvat credit. Only AED and SED are eligible for cenvat credit.
satya
(Executive Excise)
(1839 Points)
Replied 28 November 2015
Dear Ravi,
Customs duties BCD, Cess's are not eligible to take Cenvat Credit benefit and CC Benefit available on duty paid CVD and SAD(ADI) only eligible.
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