CVD
This query is : Resolved
Kunj Bihari Agrawal
(Querist)
21 September 2009
please tell me somebody about CVD.
what is the cvd?
please tell me in detailed.
how can be use cvd?
what is the cvd?
please tell me in detailed.
how can be use cvd?
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.
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
(Querist)
12 October 2009
thank u sir
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