CVD & Basic excise
This query is : Resolved
RAJENDRA ATMARAM AHIRE
(Querist)
05 October 2009
Dear Sir,
What is difference between CVD & Basic Excise duty ??
Thanks & Regards,
Rajendra Ahire
What is difference between CVD & Basic Excise duty ??
Thanks & Regards,
Rajendra Ahire
Ram Avtar Singh
(Expert)
05 October 2009
Customs Duty levied on the goods being imported and CVD is Counter Vailing Duty (Excise Duty) which imposed on the value of goods + customs duty. The rate of duty varies from product to product
Basic Excise Duty
This is the duty charged under section 3 of the Central Excises and Salt Act,1944 on all excisable goods other than salt which are produced or manufactured in India at the rates set forth in the schedule to the Central Excise tariff Act,1985.
Basic Excise Duty
This is the duty charged under section 3 of the Central Excises and Salt Act,1944 on all excisable goods other than salt which are produced or manufactured in India at the rates set forth in the schedule to the Central Excise tariff Act,1985.
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