Cenvat credit on goods manufactured by 100% EOU , Central Excise

[Ankur Simghal]

Q: Lets take X Ltd is a 100 percent EOU. Y ltd is a normal company. Y ltd. purchased goods from X Ltd on 15/09/2013.

the bill contains excise duty as under taking hypothetical figures:

 

Basic Custom Duty(BCD)   = Rs. 5000

CounterVreilly Duty(CVD)   = Rs 2000

EC + SHEC + Spl. CVD.     = Rs.500

Now the ques is will Y Ltd get the Credit Of Rs. 7500 ???

Reply with proper supporting

Posts / Replies

[Madhukar N Hiregange]

ONLY cvd 2000 + sad + ed+ cess other than customs part is eligible. No credit on customs duty + cess on same.

[Naveed S]

Credit of only CVD and Addl. duty is available.

Credit on Edu.cess and Sec. Edu. Edu. Cess not available, It was permissible in the past.