A MANUFACTURER HAS TAKEN CREDIT OF IMPORT DUTY ON RAW MAT.CAN IT BE UTILISED AGNST CENVAT PAYBLE
Import duty credit and utilisation
Rashmi Ranjan Behera (MANAGER(COMMERCIAL)) (34 Points)
22 August 2011Rashmi Ranjan Behera (MANAGER(COMMERCIAL)) (34 Points)
22 August 2011A MANUFACTURER HAS TAKEN CREDIT OF IMPORT DUTY ON RAW MAT.CAN IT BE UTILISED AGNST CENVAT PAYBLE
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 22 August 2011
All the duties which have been paid in terms of rule 3 of the cenvet credit rules 2004, the credit can be taken and the same can be utilised.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961