banner_ad

New custom duty calculation

This query is : Resolved 
Profile Image

Profile Image

(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/-
Profile Image

Harsha.H

Profile Image

Harsha.H (Expert)
03 August 2012 Yes Calculation given is Correct.
Profile Image

Ketan Jaywant Meher

Profile Image

Ketan Jaywant Meher (Querist)
04 August 2012 Dear Sir,
Thanks for your reply.
Can we take both education cess cenvat credit?
Profile Image

Harsha.H

Profile Image

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.
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
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details