ON CYCLE THERE IS EXCISE DUTY OF 1% IS IMPOSED - SUBJECT TO NOT AVAILING OF CENVAT CREDIT. WHAT WILL BE THE CASE IN CASE OF CVD , IT WILL BY DEFUALT 1% AS CENAVT RULES ARE NOT APPLICABLE TO FOREIGN COUNTRIES.
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5% 0R 1%
Replies (1)
CVD is Equivalent to excise duty imposed if the such goods are produced or manufacured in india.
So in the current case it should be 1%.
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