Dta sale by eou
This query is : Open
21 September 2015
we are an EOU for manufacfturing telecom equipment with 0% Basic Custom Duty, going to make DTA sale under Notification 23/2003-CE dt. 31/03/2003.
https://www.cbec.gov.in/htdocs-cbec/excise/cx-act/notifications/notfns-2003/ce23-2k3
As Sr. No. 2 of aforesaid notification, we are required to pay 50% of applicable custom duty, but 1st proviso says confuses it with normal excise duty and 2nd proviso provides that 1st proviso is NA in case Nil rate of duty under sec 12 of Custom Duty.
What shall be the applicable duty?
Is it 50% of applicable Custom Duty which 8.70% as on?
or
Will be it be normal excise duty i.e. 12.5%
or Since that basic duty is 0% in CTA, it will be again 8.70% i.e. 50% of custom duty
Regards,
Manish
https://www.cbec.gov.in/htdocs-cbec/excise/cx-act/notifications/notfns-2003/ce23-2k3
As Sr. No. 2 of aforesaid notification, we are required to pay 50% of applicable custom duty, but 1st proviso says confuses it with normal excise duty and 2nd proviso provides that 1st proviso is NA in case Nil rate of duty under sec 12 of Custom Duty.
What shall be the applicable duty?
Is it 50% of applicable Custom Duty which 8.70% as on?
or
Will be it be normal excise duty i.e. 12.5%
or Since that basic duty is 0% in CTA, it will be again 8.70% i.e. 50% of custom duty
Regards,
Manish
23 September 2015
You need to consult with any professional. If you will follow the sl no. of this notification then follow the condition no. also.
27 September 2015
We are in compliance with all conditions applicable to Sr. No. 2, then what shall be the applicable rate of duty
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
