Wednesday, 14 January 2015

Excess duty paid on exported goods using Cenvat credit would be allowed in form of re-credit and not

Excise & Customs : In case where an assessee had paid excess duty (i.e., duty at tariff rate instead of net effective rate, after exemption) on exported goods utilizing balance in Cenvat Credit account, said excess duty cannot be allowed as refund/rebate; however, it may be allowed as re-credit


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