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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?
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Answer Posted / 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 |
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