I am doing audit of steel manufacturing co. Can Education cess and SHEC on CVD be availed as CENVAT credit? The following is the calculation of Bill of entry. Kindly let me know how much can i avail CENVAT credit?
| Particulars | Amount | |
| A | FOB Value | 823188 |
| B | Add: Frieght (not exceeding 20% of FOB value) | 43201 |
| C | Add:Insurance @ 1.125% on FOB | 9260.865 |
| D | Total (A+B+C) | 875649.865 |
| E | Add:landing charges @ 1 % on above | 8756.49865 |
| F | Assesable value (D+E) | 884406.36365 |
| G | Add Basic customs duty at applicable rate on F | 66330.47727375 |
| H | Total (F + G) | 950736.84092375 |
| I | Add CVD | 114088.42091085 |
| J | Add : education cess @ 3% on (G+I) | 5412.566945538 |
| K | Total for special CVD (H+I+J) | 1070237.82878014 |
| L | special CVD @ 4% | 42809.5131512055 |
| M | Total duty payable (G+I+J+L) | 228640.978281344 |
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