Dear Members,
As per the recent budget amendment, there is no Education Cess or Secondary and Higher Education Cess applicable on CVD.
My doubt is, in case Basic Customs Duty is Nil, but CVD is applicable (i.e. 12%), whether education cess has to be charged on the total duty (i.e. on BCD + CVD)?
Let me explain my doubt with example:
Assessable Value : 100
BCD : NIL
CVD : 12% (No Cess Included)
Cess (on BCD + CVD), i.e. on (0+12) - whether this cess is applicable?
CAclubindia
