TMI BlogCenvat credit on Bill of Entry & exemption on Edu. Cess & SHE. Cess on CVD.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Learned Friends, Your valued clarification is required for the two queries. Query No. 1 We Import our raw materials and the following the duties and Adl. Duty, Edu. Cess SHE. Cess on CVD, Edu. Cess SHE. Cess on Cutoms duty are paid by us. Basic Value Customs Duty (BCD) Total of 1+2 CVD on Item no.3 Edu. Cess on CVD @2% SHE. Cess on CVD @1% Total of item no. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2+4+5 + 6 Customs Edu. Cess @ 2% on item no.7 Customs SHE. Cess @ 1% on item no.7 Total of Items 1+2+4+5+6+8+9 Adl. Duty @ 4% on item no. 10 Total Duty (2+4+5+6+8+9+11) We have been taking Cenvat credit on item no. 4, 5, 6 11 i.e. CVD, Edu. Cess SHE. Cess on CVD and Additional Duty (the prevailing rate is 4%) This practice is being followed for years together. Please clari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fy whether this practice is correct. Query No. 2 The Customs Notification No. 13/2012 14/2012 dtd. 17-03-2012, specifically exempts all the goods falling within the 1 st schedule to the Customs tariff act 1975 (51-1975) when imported to India from Edu. Cess SHE. Cess which are leviable there on under sub-section 1 of section 3 of customs tariff act 1975 , read with se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 91 , 93 94 of the said finance act. We need clarification whether this exemptions cover Edu. Cess SHE. Cess levied on both (CVD+BCD). Thanks with Regards, Benarjee Govada - Reply By Radha Arun - The Reply = Customs notification 13 and notification 14 of 2012 exempt all imported goods from the education cesses on CVD only, not on BCD. Accordingly, in y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our qs 1, items 5 and 6 can be omitted. Item 7 will be the total of 2 and 4. The education cesses on customs duty will be worked out on the value in item 7. You can take Cenvat credit of CVD and of the 4% additional duty. - Reply By Sunil Nivangune - The Reply = We import our Raw Material and paid all duties taxes. But as per Bill of Entry, customs charge education cess Higher e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... du cess on both BCD CVD. please clarrify. - Reply By Sunil Nivangune - The Reply = We import our Raw Material and paid all duties taxes. But as per Bill of Entry, customs charge education cess Higher edu cess on both BCD CVD. please clarrify, can we take credit on Edu S edu cess of CVD ? - Reply By Radha Arun - The Reply = Earlier, the education cesses were charged on C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... VD equal to excise duty, and then charged again on the total customs duty including CVD. Now it is only charged on the total customs duty including CVD. Hope this clarifies the matter. - Cenvat credit on Bill of Entry & exemption on Edu. Cess & SHE. Cess on CVD. - Query Started By: - Srivatsan Krishnamachari Dated:- 12-6-2012 Central Excise - Got 4 Replies - Central Excise - Discussion Forum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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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