TMI Bloghow to credited import duty ?X X X X Extracts X X X X X X X X Extracts X X X X ..... 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.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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... +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 clarify whether this practice is correct. - Reply By Pradeep Khatri - The Reply = Concept of customs duty cal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... culation has been amended in 2012. Point No. 5 6 does not exist now. - Reply By R MUTHURAJ - The Reply = Yes. You are right, but as pointed out by Mr.Pradeep, Vide Notification No. 14/2012 Customs dated 17/03/2012, the Education Cess 2% levied on CVD and the Secondary Higher Education Cess 1% levied on CVD is exempt for the calculation of Customs duty purpose. From 17/03/2012, the Bill ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of Entry received will not be charged with the Education Cess 2% levied on CVD and the Secondary Higher Education Cess 1%. - how to credited import duty ? - Query Started By: - sandip shah Dated:- 23-5-2013 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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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