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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 / 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 |
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