Rate of CVD
This query is : Resolved
Nilesh Jain
(Querist)
31 January 2011
What is the rate of CVD under customs
RAMESH KUMAR VERMA
(Expert)
31 January 2011
CVD means, the additional duty of custom under section3 of the custom tariff act 1975.
now this is 10% as per custom tariff .
CVD is payable on assessable value plus basic customs duty. In case of products covered under MRP provisions, CV duty is payable on MRP basis as per section 4A of Central Excise.
for more information :-
https://indiabudget.nic.in/ub2003-04/mem/mem2.pdf
now this is 10% as per custom tariff .
CVD is payable on assessable value plus basic customs duty. In case of products covered under MRP provisions, CV duty is payable on MRP basis as per section 4A of Central Excise.
for more information :-
https://indiabudget.nic.in/ub2003-04/mem/mem2.pdf
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RAMESH KUMAR VERMA
(Expert)
31 January 2011
https://www.caclubindia.com/experts/cvd-270455.asp
Nilesh Jain
(Querist)
31 January 2011
Thank u Sir
RAMESH KUMAR VERMA
(Expert)
31 January 2011
sir,
welcome in ca club india...........
welcome in ca club india...........
Nilesh Jain
(Querist)
31 January 2011
what is rate of tax under section 3(5) of custom act.
RAMESH KUMAR VERMA
(Expert)
31 January 2011
SIR,
ACD :-4%
ACD :-4%
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