What is Counter vailing duty?
What is purpose of It?
Thank you for replying me
Why there is 2 to 3 percent gap for imported and export goods rate in notification issued for valuation under section 14? Like australian dollar for imported goods taken at Rs. 36.05 while for export goods it is taken at Rs. 34.9. Following is the link to see the rates.
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k9/csnt38-2k9.htm
Presently we are clearing our goods by paying customs duty at hyderabad for the imports made by the company. due to increase in logistics cost we want to pay customs duty at chennai and clear the goods at chennai itself.
Will the shift of clearance of goods from hyderabad to chennai has any affect on cenvat credit on imports availed by the company.
Our company imported some raw material from other county. we paid custom duty,exice duty etc. this raw material is processed and made into finished product
when we export can we claim custom duty draw back ? under which section we can claim ?
with regards
R. Purna Ch. Achary
Jr. Finance officer
DAESUNG ELECTRIC INDIA PVT. LTD
Sir,
Ferro molybdenum is classified under Chapter 72 under HS code : 72027000.
As per the custom tariff notification No: 02/2009 dated 2-1-2009, the basic custom duty applicable for HS code : 72027000 is 5%. However as per custom tariff (as available in CBEC site) is custom duty for HS code : 72027000 is 10%. why this difference in rate ? Please advice
In course of import in to India our customer had wrongly filed bill of entry using our vendor invoice instead of our invoice. the Po is in US dollars. This happened in the month of Oct 08. Our customer is not willing to revise bill of entry. Our vendor invoice is for a very low value as a result of which we might be paid very less when compared to Po value.
How can this be resolved.
Hello,
In case of imports of goods so many duty charged like below:
BCD@10%
CVD@14%
Education cess on CVD@2%
Secondary&higher CVD@1%
Custom Educational Cess@2%
Custom Secondary & Higher Education Cess@1%
Addtional Duty(Imports)@4%
tell me on which type of duty(as above) we take input credit and which duty include in our purchase cost.also tell duty(as above) which set off by other tax also.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
Anti Dumping Duty