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
- 9917 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
what is mean by Red herrting
what is the retainned earnings account? why are you take for the x?
what is sunk cost
What is accrual basis of accounting
Expand D D O
What is revenue recognition.
types of mutual funds?
what is liquidity crunch?
Expand---------DBPC
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
Car purches from Amar Traders of rs- 2000 Payed in cash.This is a journal entry (open F7).
3 Answers Aventis Electronics,
Expand---------OMLP
Audit 
