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TMI BlogAVAILMENT OF CREDIT ON IMPORTED MATERIALX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We have imported a material first for trail purpose say in 2014 at that time we had paid appropriate customs duty but we have not availed any credit for the said material at that time. Now ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the importer will be selling such material, therefore please explain us how can we avail such credit on the basis of which document and can we avail the credit now.Therfore please explain us the Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al excise provision, Thanks regards. - Reply By Rakesh Gupta - The Reply = There are 3 scenarios: If the importer is selling the import material in the domestic market, there is no credit that ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n be availed. In case the import material is being used for the manufacture of exciseable goods, benefit of the CVD portion of the import duty can be obtained. In case the imported material is bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g sold overseas (i.e. export), then exporter is eligible to claim refund of the import duty (as drawback). Rakesh Gupta - AVAILMENT OF CREDIT ON IMPORTED MATERIAL - Query Started By: - SANDESH SHIN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DE Dated:- 9-7-2015 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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