can an IT company take the benefit of CVD paid as CENVAT credit for the purpose of service tax. The company has made a domestic purchase however, the vendor has actually imported the goods.
Regards,
Alok Kumar (Assistant Manager) (32 Points)
21 January 2010can an IT company take the benefit of CVD paid as CENVAT credit for the purpose of service tax. The company has made a domestic purchase however, the vendor has actually imported the goods.
Regards,
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 22 January 2010
dear alok ji,
if this company is established UNDER SEZ UNITS AS PER CURRENT FOREIGN TRADE POLICY
foreign trade policy 2009-2014 .
PLEASE READ THE CHAPTER-6 OF FOREIGN TRADE POLICY 2009-2014.
THANKS,
RAMESH KUMAR VERMA
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