13 May 2014
Dear Sir/ Madam We have a manufacturing unit . we purchases of raw material from 1st 2nd stage dealer which are import material from china and japan. On Bill of entry the following duties are charged
CVD 12% equivalent to excise duty Special CVD 4% Education Cess & Secondary higher education cess are not charged separately. we can take the cenvat credit of Cvd 12% & Special CVD 4% and can we take the credit of education cess 2% & SH education cess 1% it assumed that both cess are included in CVD and additional duty.
For Example:- CVD charged by my supplier Rs. 120 and Additional duty charged Rs. 50 only. can i assumed that education and SH Cess are included in CVD and Additional Duty
Please reply as early as possible with some notification or any other guidance.
CAclubindia
