clarification
This query is : Resolved
chakrapani
(Querist)
07 November 2008
We started a company in Chennai,
We import Electrical bike parts under CKD Condition and assemble at our unit.
In process of import we are paying following duties
Basic duty – 10%, cess 2% -, Hig-Cess, 1% and 4% Additional duty.
We would like to know how claim CENVAT in this case
And what is rate of tax for Eelecrical bike as per central excise act.
Please help me
We started a company in Chennai,
We import Electrical bike parts under CKD Condition and assemble at our unit.
In process of import we are paying following duties
Basic duty – 10%, cess 2% -, Hig-Cess, 1% and 4% Additional duty.
We would like to know how claim CENVAT in this case
And what is rate of tax for Eelecrical bike as per central excise act.
Please help me
S.Srinivasaraghavan
(Expert)
10 November 2008
Additional duties are eligible for CENVAT.
Excise duty for electrical bike is 14% as per chapter 87119091.
Excise duty for electrical bike is 14% as per chapter 87119091.
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