Cenvat Credit as a First Stage Dealer, Central Excise

[Chitti Pantulu]

As a First Stage Dealer we are allowed to passon 1.CVD and related Cess 2. Special Additional Duty. to our customers.

can we not passon Additional Duty and Basic Customs duty. Please clarify.

Regards

Panth

Posts / Replies

[MUKUND THAKKAR]

As a first stage delar you can pass on CVD and AED 4% to your buyer.

4% AED if you are claiming as refund you are not eligable to passon 4% to your customer.

[KASTURI SETHI]

Credit cannot be taken on Basic Customs duty.

[Ganeshan Kalyani]

Yes basic custom duty is not cenvatable. Thanks.