Hi,
I am in process of importing Metal scrap - Stainless Steel (HS code 7204).
Customs duty breakdown:
Basic duty: 2.5%
CVD: 12 %
Ed Cess: 3 %
SPl. CVD : 4 %
This all together comes around 20%.
Since this metal scrap will be used as raw material for manufacturing our final product. I would like to know how much of these 20% paid as import custom duties we can recover back from end customers etc?
I appreciate your comments.
Vbhai