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Cenvat

amit kumar (Student CA Final ) (123 Points)

17 May 2014

Dear Experts, pls tell the various compenents present in Custom Duty when we import good, whose CENVAT credit is allowed to be taken. E.g CVD etc . pls do reply.

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8 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 18 May 2014

cenvat credit available only on CVD and edu cess on such CVD

amit kumar (Student CA Final ) (123 Points)
Replied 18 May 2014

I have heard that we can claim CENVAT over SAD/AVD also... correct me if i am wrong

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 18 May 2014

in case of SAD u need to take care of certain points:- 1. manufacturer can only take cenvat credit of SAD. 2. other importers can take refund of SAD. this refund is made only after u have paid SAD on import and VAT/CST on sale of such imported goods.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 18 May 2014

i have never heard of the term AVD. if by AVD u mean additional duty on customs then it is known as CVD. and i have already told u that u can take credit of CVD

amit kumar (Student CA Final ) (123 Points)
Replied 18 May 2014

Thnx. Kindly elaborate the SAD component as i dnt knw about it in detail. AND kindly also tell what are the components presend in customduty

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 18 May 2014

it wont be easy to type everything, so visit the following link:- www.cbec.gov.in/customs/cs-act/custom-act-1962.pdf

thiruvalluvar (accounts Manager ) (27 Points)
Replied 03 June 2014

Dear Sir,

We are an importer of RO/UF Membranes ( HSS code no: 84219900) from USA. We are paying

the duty as per the details follows:We are also an excise holder and we want to know how much duty amount can be forwarded to the customer purchasing from us n india.

SAMPLE

Example value	Rs.	100
				%	Duty
	VALUE	100		7.5	7.50	%	Basic Excise Duty 7.5%

Value+ 7.5%		107.50		10	10.75	%	ED/CVD @ 6%

Rs.7.50 + Rs.10.75		18.25		2	0.37	%	Cess 2% on Total Duty
				1	0.18	%	HSE Cess 2% on Total Duty
		118.80		4	4.75	%	Addl Duty 4%

	Percentage	23.55%	Total Customs Duty		23.55	%	Total