Cvd implication in case of trading dealer

This query is : Resolved

CA Hemraj Zambauliker (Querist)
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27 September 2013 Trader imports goods & pays CVD on that. at the time of selling he pass on the credit to buyer.
My query is trader has to show CVD amount in separate ledger in case if rate is inclusive of CVD?
is your answer will be same if rates are exclusive of CVD?
Any special requirements in this case with regards to MVAT for eg. we have to show basic amount separately & CVD separately?

Rajnish Singh

Rajnish Singh (Expert)
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27 September 2013 Dear Mr. Hemraj,

Whereas the matter of CVD that is subject to excise and custome while VAT authority is consider the assessable value and there TAX Portion.

To show seprately is better for goods consideration and pass on the duty.

CA Hemraj Zambauliker

CA Hemraj Zambauliker (Querist)
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27 September 2013 Dear Rajnish,
Thank you very much.
why iam included VAT here is , is there any requirement of VAT authority to show basic & CVD amount separately?

Rajnish Singh

Rajnish Singh (Expert)
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27 September 2013 you should have to show seprately Both (basic and CVD) if you pas on the Credit .

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