banner_ad

EXCISE - Urgent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 May 2009 M/s A & Co is a partnership firm in india manufactures bottles, which purchases capital goods from a 100% EOU.The EOU issues invoices as below for the said removal.
Amount in lacs
i) Assessable value :100.00

ii) Basic customs Duty @50% of 7.5%:3.75
on Rs.100.00

iii)CVD on i& ii above @ 10% :10.375
iv) Edu cess on CVD @ 2% :0.2075
v) secondary & Higher edu cess on :0.1037
CVD @ 1%

vi) Total Customs Duty :14.4365

vii)Education cess on customs duty:0.288
@2%
viii)Secondary & higher education :0.144
cess on Customs Duty @ 1%

ix) Aggregate duties of customs : 14.868
(vi + vii + viii)

x) Education cess on (ix) above : 0.297
@ 2%
xi)Secondary & Higher education : 0.149
cess on (ix) above @ 1%

Total Duty on DTA Sales :14.3145

what all are the amount eligible for CENVAT credit?

whether item x & xi are eligible for CENVAT creit?
Profile Image

Madhukar N Hiregange

Profile Image

Madhukar N Hiregange (Expert)
06 May 2009 Credit is available for the CVD + cesses thereon. Cusotms cesses not available for credit.
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
07 May 2009 The duty paid by 100% EOU is Central Excise duty (Section 3 of the Central Excise Act). Total duty paid is available as credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details