Pass on CVD

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..... Pass on CVD
Query (Issue) Started By: - Rudrayani Shedjale Dated:- 29-2-2016 Last Reply Date:- 1-3-2016 Customs - Exim - SEZ
Got 6 Replies
Customs
Hello we have received an excise gate pass (as well the tax invoice) from one of our supplier. He has imported those goods & sold us. For our reference he has also sent us bill of entry. from that we understood he has pass on CVD,custom .....

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..... edu.cess,customs sec & higher edu.cess, additional duty (imports). is it correct to pass on import duty from our 1st stage dealer? also currently Cess on excise are not in operation. but he has pass on cess on customs. can we take set off of the same as BED?? please advise. Reply By MUKUND THAKKAR: The Reply: You can not avail the cvd cerdit bill of entry given by your supplier. if seprate .....

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..... amount details are mention in invoice like CVD, AED than you can avail the credit. amount of cess is not eligable for credit. Reply By Rudrayani Shedjale: The Reply: Sir he has mentioned on excise gate pass as BED, Cess,S.H.E.C. & ACD @ 4% he is saying bill of entry he has sent us only for information purpose. please advise what is correct to do? Reply By MUKUND THAKKAR: The Reply: please t .....

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..... ake cenvat cerdit of Excise duty and AED. on the basis of invoice issued by Dealer. Reply By Rudrayani Shedjale: The Reply: ok. so excise invoice need to get corrected ? as we can avail the credit of excise & AED only,shall we ask them to send revised invoice by removing Cess? Reply By KASTURI SETHI: The Reply: You should avail cenvat credit of duty for which u are entitled to. Correct cenva .....

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..... t credit is to be taken. You are to ensure that kind of duty, rate of duty and amount of duty on which credit are to be taken are correct. No need to get the invoice corrected or revised just for superfluous Education Cesses mentioned on invoice and paid. Reply By Rudrayani Shedjale: The Reply: ok.sir thanks a lot.
Discussion Forum - Knowledge Sharing .....

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