RUPESH CHOUDHURY (Student) (484 Points)
15 June 2010
Dear All,
Please help.
Can one take credit of customs duty paid against Excise Duty Liability?
If yes ,please provide the relevant sections,case studies,circulars,notifications,etc.,if possible.
Thanks
Rahul
(CA Practice )
(1818 Points)
Replied 15 June 2010
Custom duty paid for clearance of goods consist of many items like:
1) Basic Custom duty ( including Education Cess ).
2) Counter vailing Duty ( including Education cess ).
3) Special Additional Duty
Out of the above three we can take the credit of Counter vailing duty and Special Additional Duty.
Hope it clarifies your doubt.
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 16 June 2010
Thanks Dear Mr. Rahul.it was of gr8 use.Thanx a lot.
CAclubindia
