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CENVAT CREDIT

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..... CENVAT CREDIT
Query (Issue) Started By: - SRINIVASA RAO NALAM Dated:- 3-5-2013 Last Reply Date:- 1-6-2013 Central Excise
Got 1 Reply
Central Excise
Good Morning. Iam working in a Public sector enterprise under Ministry of Railways. My orgainsation is executing Railway construction projects being alloted by Ministry of Railways. In one of the ADB funded project we are giving custom du .....

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..... ty and excise duty exemptions certificates (Project Authority certificates) duly taking approval from Railway authorities for the material being purchased by one our contractor through his vendors in the name of vendors. Recently, contractor has submitted an application for custom duty exemption for imported un finished copper Rod in the name of his vendor. The vendor in turn will process the copp .....

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..... er rod in to a finished product and will again seek excise duty exemption certificate from my organisation. My query whether we can give custom duty exemption as well as excise duty exemption on the same vendor of my contractor for the same basic material i.e., copper. In such case, is there any CENVAT credit that can be claimed by my organisation. CD Exemptions are based on MOF notification N .....

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..... os. 84/97, 119/99, 85/99 ED exemptions are based on MOF notification No. 108/95,7/98,33/98,4/99,40/99,36/2001,13/2008. Regards, N Srinivasa Rao Reply By Rama Krishana: The Reply: As long as the conditions of the related notification is satisfied, the answer is yes; i.e. you can give certificate to the for intended use in the prescribed manner wherever is applicable. Further, when you would re .....

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..... ceived the goods without payment of customs duty or excise duty under exemption scheme as above, where is the question of cenvat credit arises? Therefore either the facts or the query is incomplete.
Discussion Forum - Knowledge Sharing .....

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