Cenvat credit against custom duty

naveen (n/a) (55 Points)

16 September 2014  

Dear All,

I want to import some product from UAE. I want to sell them in India either directly or by repacking or mixing.

On the product following is the duty strutcuture:

Basic Cutom Duty - 10%, Education Cess- 2%, Secondary and Higher Edu. Cess- 1%

Countervailing Duty- 12%

Additional CVD- 4%.

 

The output excise application on this item is 10.36% (incl cess).

Please advise how much of the duty paid can be availed as set-off in Cenvat and what procedure will I have to adopt.

 

Thanks.