Duty credit on Import

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..... Duty credit on Import
Query (Issue) Started By: - Ashok Tank Dated:- 16-11-2015 Last Reply Date:- 11-9-2016 Central Excise
Got 2 Replies
Central Excise
Dear Sir/Madam, Kindly inform form .....

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..... ula to calculate custom and excise duty from import bill of entry. Also clarify on maximum/total duty credit allowed on imports in Cenvat register and column number where to be recorded. Thanks Rep .....

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..... ly By YAGAY AND SUN: The Reply: From CBEC/ICEGATE Website you can get the duty calculation and the CENVAT credit shall be available to you would be sum total of CVD + SAD. Reply By Ganeshan Kalyani: .....

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..... The Reply: Sir, the formula is as below: A) Cost = ××× B) Add: landing charges = 1% of cost C) Assessable value = A+B D) BCD = C x % of duty applicable E) Value = C + D F) .....

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..... CVD = E x % of CVD G) Total value = E + F H) Ed. Cess = (D+F)*3% I) Total Import value = G+H. Thanks. However please cross check with the import duty calculator before implementation. Thanks.

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..... r> Discussion Forum - Knowledge Sharing .....

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