New custom duty calculation

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This query is : Resolved

Ketan Jaywant Meher (Querist)

02 August 2012 As per new notification no. 13 & 14/2012
Please let me know that, is below new custom duty calculation correct?

(A)Asse. value Rs. 1,000/-
(B)BCD @7.5% Rs. 75/-
=========
(A+B) Rs.1,075/-
(C)CVD 12% on (A+B)Rs.129/-

ED cess 2% on 12%
Removed vide Notf. ---
No.13

ED cess 1% on 12%
Removed vide Notf. ---
No.14
============
Total (A+B+C) Rs.1,204/-

(D) Custom ED Cess @ Rs. 04/-
2% on (B+C)

(E) Custom ED Cess @ Rs. 02/-
1% on (B+C)
=================== Total (ABC)+(B+C) Rs. 1,210/-

Import additional duty Rs. 48/-
@4% on [(ABC)+(B+C)]
===============
Total Rs. 1,258/-

Harsha.H

Harsha.H (Expert)

03 August 2012 Yes Calculation given is Correct.

Ketan Jaywant Meher

Ketan Jaywant Meher (Querist)

04 August 2012 Dear Sir,
Thanks for your reply.
Can we take both education cess cenvat credit?

Harsha.H

Harsha.H (Expert)

04 August 2012 No CENVAT CREDIT IS NOT AVAILABLE ON CENTRAL EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS.

CENVAT CREDIT IS AVAILABLE ONLY ON CVD AND ADDITIONAL DUTY.

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