Cvd3(1)
This query is : Resolved
10 January 2015
DEAR ALL PLEASE REPLY WILL CVD 3(1) BE APPLICABLE ON REPAIRS OF A CAR BROUGHT BACK IN INDIA FROM USA?WHEN IT IS IN WARRANTY??
12 January 2015
Noted:When a product is imported, Custom duty is paid and CVD is also paid to avoid the hike in price of domestic products due to excise and VAT. CVD is two type. One is Basic Excise Duty(BED, instead of excise duty) and another one is Additional duty(AD, instead of VAT). Manufacture concern which imports input material from foreign country can avail CENVAT Credit of CVD while paying excise duty after manufacture.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
