Menu
Custom duty
We had ordered plastic molds from China and we are charged excise duty + additional 4% CVD. There was no manufacturing then why excise duty+ why CVD is charged?
Replies (2)
- CVD: Any article imported into India is liable to CVD (in addition to BCD) equal to excise duty for the time being leviable on a like article if produced/manufactured (could be or capable of being produced/manufactured) in India.
- SAD: It is leviable @ 4% in addition to basic customs duty and CVD.
- Hence I assume, CVD and SAD has been levied in your case
OK got it. thanks
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
