New custom duty calculation

This query is : Resolved

Ketan Jaywant Meher (Querist)
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02 August 2012 As per new notification no. 13 & 14/2012
Please let me know that, is below new custom duty calculation correct?

(A)Asse. value Rs. 1,000/-
(B)BCD @7.5% Rs. 75/-
=========
(A+B) Rs.1,075/-
(C)CVD 12% on (A+B)Rs.129/-

ED cess 2% on 12%
Removed vide Notf. ---
No.13

ED cess 1% on 12%
Removed vide Notf. ---
No.14
============
Total (A+B+C) Rs.1,204/-

(D) Custom ED Cess @ Rs. 04/-
2% on (B+C)

(E) Custom ED Cess @ Rs. 02/-
1% on (B+C)
=================== Total (ABC)+(B+C) Rs. 1,210/-

Import additional duty Rs. 48/-
@4% on [(ABC)+(B+C)]
===============
Total Rs. 1,258/-

Harsha.H

Harsha.H (Expert)
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03 August 2012 Yes Calculation given is Correct.

Ketan Jaywant Meher

Ketan Jaywant Meher (Querist)
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04 August 2012 Dear Sir,
Thanks for your reply.
Can we take both education cess cenvat credit?

Harsha.H

Harsha.H (Expert)
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04 August 2012 No CENVAT CREDIT IS NOT AVAILABLE ON CENTRAL EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS.

CENVAT CREDIT IS AVAILABLE ONLY ON CVD AND ADDITIONAL DUTY.