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TMI BlogBenefit of Additional Duty and Additional CVD - Cenavt of last yearX X X X Extracts X X X X X X X X Extracts X X X X ..... Can we claim benefit of Additional Duty and Additional CVD on imported items against service tax payable. Also can we claim cenvat benefit of previous financial year in the current financial year, if it was wrongly ignored, though we were eligble to claim it in the previous year. - Reply By Surender Gupta - The Reply = An output service provider is not eligible to avail cenvat credit of Additio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal CVD [payable u/s 3(5) ] of the Customs Tariff Act . However CVD equal to other duties specifed rule 3 of CC Rules, 2004 are eligible for Cenvat Credit. Further, you can avail the credit for the previous period, but in my opinion you should not avail the credit for the previous period beyound one year. - Reply By Madhukar N Hiregange - The Reply = Yes the addtionl duty of cusotms (CVD) w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich is equivalent ot the excise duty is available. However the 4% Special addtional duty is not eligible for service providers but available to the manufacturers only. You can claim the credits for the previous years if taxable services were provided then also and no credit was claimed. Further in relation to capital goods the condition of depreciation not being claimed on the value of service ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x being claimed as credit has to be met. - Benefit of Additional Duty and Additional CVD - Cenavt of last year - Query Started By: - CA Tilak Minocha Dated:- 5-12-2006 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x ..... X X X X Extracts X X X X X X X X Extracts X X X X
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