Availment of cenvat of CVD, Central Excise

[madhavvan]

a company has taken a trading licenec under excise it stores the imported goods for trading at its premises and then sells the same to local parties is it required to clear goods on payment of excise duty can it avail cenvat of cvd is it required to file any returns

Posts / Replies

[Madhukar N Hiregange]

Yes the addtional duty of customs (CVD) as if paying SAD ( 4%) can be passed onto the cusotmers as a registered dealer. Returns have to be filed every quarter.

[Rama Krishana]

In case of trading of goods, under central excise you need to register as importer / first state / second stage dealer. Which you have done. Now as a dealer, you can not pay duty of excise and take cenvat credit. You can pass on the duty to the buyer in proportion to the quantities as you have paid the cvd at the time of import.