Dutydraw back and service tax input claiming

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..... Dutydraw back and service tax input claiming
Query (Issue) Started By: - chikkaiah madhappa Dated:- 3-9-2012 Last Reply Date:- 4-9-2012 Customs - Exim - SEZ
Got 1 Reply
Customs
Whether se .....

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..... rvice tax input credit can be claimed in the following case. A textile company its 70% revenue is from export and 30% revenue is charging service tax on agency commission. The co is taking ST input .....

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..... on all the service bills & also taking duty drawback credit. Is it right?? Reply By Pradeep Khatri: The Reply: I presume that when you are talking about Duty Drawback then it means that you are avai .....

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..... ling All Industry Duty Drawback on the exports made by you. In the All Industry Duty Drawback it is assumed that inputs used in the manufacturing of finished goods for export purpose must have incurre .....

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..... d the customs duty at any stage of manufacturing, therefore, it is given back to the exporter on wheigted average method and standards have been fixed accordingly. Duty Drawback and availing the CENV .....

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..... AT credit of Input Services are two different things. You may avail the both benefits simultenously. Please also check it with your counsel or with your Range Superintendent.
Discussion Forum - K .....

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..... nowledge Sharing .....

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