Special CVD U/S 3(5) of CTA 1975

This query is : Resolved

CA. Raminder Dhiman (Querist)
Follow

05 April 2011 Special CVD is levied to counter balance the Sales Tax/VAT for the time being leviable on a like article on its Sale, Purchase or transportation in India.

Please explain me how Spl CVD is levied on "Transportation in India".

Thanks
Raminder Dhiman

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

15 April 2011 Additional Duty of Customs (ADC) - This duty is levied to countervail the sales tax, value-added tax, local taxes and other charges leviable on the like goods on their sale or purchase or transportation in India. Presently, this duty is levied at 4 per cent on certain items viz items bound under the Information Technology (IT) Agreement and on specified inputs / raw materials for manufacture of electronic / IT goods. This duty is levied on value of product +basic customs duty + countervailing duty.
Education Cess - This cess is levied at 2 per cent on the amount of BCD +CVD.

for any query link is :
https://www.mukeshraj.com/enquiry.html

CA. Raminder Dhiman

CA. Raminder Dhiman (Querist)
Follow

15 April 2011 Dear Ramesh,

Thanks for your inputs.

Please explain the meaning of the pharase "Special CVD is levied to counter balance the Sales Tax/VAT for the time being leviable on a like article on its transportation in India"

Thanks

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

15 April 2011 LINKS IS :-

https://www.cbec.gov.in/customs/cs-acts-botm.htm

https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-rules-idx.htm

CA. Raminder Dhiman

CA. Raminder Dhiman (Querist)
Follow

15 April 2011 Thank you very much...

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

16 April 2011 ur query shorted out....welcom in ca club india

CA. Raminder Dhiman

CA. Raminder Dhiman (Querist)
Follow

19 April 2011 Hi Ramesh,

I apologise...my question is still open. I am not able to corelate your anser with my question.

Thanks
Raminder