The following is the table showing computation of customs duty. I need your kind help in taking CENVAT Credit. For What items in the below table can the CENVAT credit be taken?
| Serial | Particulars |
Rs |
| A | Assessable value (CIF + Landing Charges) |
100 |
| B | Basic customs duty (BCD) 10% |
10.00 |
| C | Value for CVD (A+B) |
110.00 |
| D | CV D equivalent to central excise duty 10% |
11.00 |
| E | Educational Cess on CVD 2% |
0 |
| F | Sec. and Higher Educational Cess 1% |
0 |
| G | Customs duty for calculation of Cess |
21 |
| H | Customs Educational cess 2% |
0.42 |
| I | Customs Secondary and higher educational cess 1% |
0.21 |
| J | Value for SAD |
121.64 |
| K | SAD @ 4% |
4.865 |
| Total Duty |
26.495 |
Regards,
T S Dinesh
+91 99 44 677 804
CAclubindia
