Custom Duty CVD

Jigar Soni (Senior Accountant) (55 Points)

14 April 2011  

I want to know if the Special Additional Duty paid to customs can be taken a set off towards excise duty payable for the particular month? or if the CVD paid can be taken set off towards excise duty? there are articles that SAD can be setoff towards VAT / Sales Tax. so SAD to be adjusted against Excise duty or VAT. confused.. if possible can anyone send excel working of Excise duty and setoff during import duty payment.