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When we are using the DEPB licence for duty adjustment 100
%, there is no cash payment to customs. If i am a trader
and registered with excise, Can we avail the modvat credit
and pass on to customers?
- 4 Answers
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Answer / jiban tripathy
In case DEPB licence ,we are paying full custom duty and
depositing C.V.DUTY only.we can avail modvat credit to the
extent of payment of cv duty and pass on to the customers
to that extent.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / vinay jindal
Yes we can avail the modvat credit and pass on to customer
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / jagdish sherla
When we are using the DEPB licence for duty adjustment 100%
there is no question to avail the modvat credit. Then we
will purchase the goods under CT-1 Bond & ARE-1 Form for
export the goods.
| Is This Answer Correct ? | 15 Yes | 11 No |
Answer / vipin kumar
We are using DEPB License as payment tool like cash. We can
avail the modvat credit and pass on to the customer.
| Is This Answer Correct ? | 1 Yes | 0 No |
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