TMI BlogIF BCD paid thru licenceX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, If we pay BCD thru licence, then AED is to be calculated on landed cost or on (landed cost + custom duty) figure. Actually we are receiving BOE ot this case with the calculation of AED on landed cost, but my query is that in this way are we not paying less amount to the govt. Regards, Mridul Sethi - Reply By Pradeep Khatri - The Reply = If you had paid BCD through licence then it mean ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s that customs duty is exempted to that extent. And if customs duty is exempted then CVD will not will calculated on the exempted part of the BCD. - Reply By kamal chordia - The Reply = AED Calulate on landed cost +Basic Custom Duty in all cases weather you paying duty through cash or through licence - Reply By Radha Arun - The Reply = AED is always calculated on landed cost plus customs duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , under section 3(2) of the Customs Tariff Act . However, in the case of licence, the basic duty is actually exempted. Licence debit is only a way of keeping track of how much exemption is availed, as against the face value of the licence. So, there is no basic customs duty while calculating AED. (The AED is also exempted. Again, the licence debit is a way of keeping track of the exemption.) - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IF BCD paid thru licence - Query Started By: - Mridul Sethi Dated:- 2-5-2012 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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