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CVD

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(Querist)
21 September 2009 please tell me somebody about CVD.
what is the cvd?
please tell me in detailed.
how can be use cvd?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
04 October 2009 CVD = addtional duty of customs
It is = to central excise duty of similar goods manufactured in India.
At present the CED on most items is 8% + 3% cess on the CED
The same is applicable for CVD whic is charged on the Imported value + Cyustoms duty. [ assuming 7.5% is CD then on 107.5]

This is available as cenvat credit similar to CED and can be passed on as dealer or utilised for manufacture of excisable goods.
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Kunj Bihari Agrawal

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Kunj Bihari Agrawal (Querist)
12 October 2009 thank u sir
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