CVD at the time of import can be paid through Excise Credit or Service Tax Credit ??, Customs - Exim - SEZ

[Mehul Pandya]

Sir,

We have cenvat credit balance in Excise and Service Tax, and we are importing some of raw material from other country. To pay the CVD and addittional duty on that imported goods can we utilise our cenvat account for the same. Is there any provisions for that.

Posts / Replies

[YAGAY AND SUN]

No it cannot be.

[MUKUND THAKKAR]

you can utilized your cenvat credit balance for the payment of excise duty only..

[YAGAY AND SUN]

But not in the case of payment of CVD.