CENVAT CREDIT ON RE-IMPORTED GOODS

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..... Ours is Foundry and we have exported our castings to varous customers. Some of the castings has been rejected by our customer and we have brough back the same as re-import. After receipt we will remelt the castings. Our CHA is telling that as per Notf. No. 94/96 - Customs they will prepare BE. They will prepare Bill of entry without showing CVD amount on BE i.e. 0 and they will show CVD and othe .....

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..... r particulars on challan (/ TR-6 ) only. Please clarify can we get cenvat credit on CVD amount when their is nil duty showing on BE. - Reply By YASH SOOD - The Reply = The cenvat credit of additional duty leviable under section 3 of the Customs Tariff Act ( Called CVD ) which is equivalent to the duty of excise specified under clauses (i), (ii), (iii), (iv), (v) (vi) and (via) of the Rule .....

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..... 3 of the Cenvat Credit Rule, 2004 is admissible only if supported by the duty paying documents issued by the supplier of goods including Bill of Entry in terms of Rule 9 of the Cenvat Credit Rule, 2004 . If the amount of CVD, if even paid , is not exhibited on the documents, credit is not admissible.if the CVD is nil and shown as nil only nil credit (i.e. nothing) is admissible. - Repl .....

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..... y By NEERAJ KUMAR, RANCHI - The Reply = Dear Sanjeev Let me know first under which scheme you had made your exports, thereafter I can give you the proper reply. - Reply By sanjeev jadhav - The Reply = Dear Neeraj, Thanks for your reply. We have made export under DEPB scheme. - CENVAT CREDIT ON RE-IMPORTED GOODS - Query Started By: - sanjeev jadhav Dated:- 2-1-2012 Central Excise - Got 3 .....

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..... Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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