AVAILMENT OF CENVAT CREDIT OF CUSTOM DUTY, Central Excise

[G SHARMA]

Dear all

We are manufacturer. We procure capital goods through import. In bill of entry there is Custom duty @5%, CVD @ 12%, Custom cess @2%, Custom SHE Cess@1% and Addl. Duty @4%. From this duties We avail Cenvat on CVD @12% and Addl. Duty @4% my query is: Can we avail Cenvat credit on CVD portion in Custom Cess (2%) and SHE Cess (1%). Please express your views. (kindly clear about payment of Custom duty @5%)

rgds

Posts / Replies

[Arun Kumar Singh]

You can not take the edu. cess and SH. cess on imported goods.

[R K]

You have not mentioned the ITCHS of the imported CG.

As per budget changes (14-15) you can avail Cess on CVD (both 2% and 1%)

 

[Rajagopalan Ranganathan]

Sir,

With effect from 17.3.2012 education cess and secondary and higher education cess payable on CVD is exempted vide Notification No. 13 and 14/2012-Customs dated 17.3.2012. However,the exemption shall not apply to the following goods covered under column (2) of the TABLE in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 69/2004-Customs, dated the 9th July, 2004, published in the Gazette of India, Extraordinary, vide number G.S.R.411(E), dated the 9th July, 2004, namely:-

i. goods specified in headings, sub-headings or tariff items 3818 , 8469 00 10, 8470,8471, 8473 21 00, 8473 29 00, 8473 50 00;

ii. line telephone sets and line videophones of heading 8517 ;

iii. goods specified in tariff item 8519 50 00 ;

iv. all prepared unrecorded media for sound recording or similar recording of other phenomena , other than products of Chapter 37 (excluding cards incorporating a magnetic stripe) of heading 8523 ;

v. recorded media for reproducing phenomena other than sound or image of heading 8523 ;

vi. goods specified in headings, sub-headings or tariff items 8531 20,8532, 8533, 8534 00 00, 8541 ;

vii. parts of electronic integrated circuits and micro-assemblies of tariff item 8523 52 or 8542 90 00 ;

viii. goods specified in headings ,sub-headings or tariff items 8543 70 11, 9013 80 10, 9013 90 10, 9026, 9027 20 00, 9027 30,9027 50, 9027 80(except exposure meters) , 9030 40 00,9030 82 00;and

ix. goods specified in serial numbers 11 to 12A ,17 to 44 , 47 to 50 and 54 of the said Table .]

This is for your information.