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?

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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