I am coufusing on particular point on duty liability if the 100 %EOU has cleared the Imported Goods to DTA. i just didnt understand its technicality of duty calculation.
here i am giving a problem on whcih i am confusing
assessable value for Excise 90000 assessable value for Custom 100000 Basci Custom Duty 10% Additional custom duty U/s 3(1) 14% Additional Custom Duty U/s 3(5) 4%
Assume, the said goods is not liable to VAT in india
EC 2% SHEC 1%
please help me out in calculation & determination of cenvat credit on such duty of said sum.
21 September 2010
AS PER GUIDELINES IN SEZ, ACT, 2005 , FOR DTA BY AN 100% EOU WILL BE EXECUTE BOND AND AFTER APPROVAL OF CONCERNED DEVELOPMENT COMMISSIONER OF AUTHORITY WILL BE DTA.
THE EXPORTER WILL NO PAID ANY DUTY .
FOR MORE INFO:-http://exim.indiamart.com/indian-exim-policy/appendix-42.doc