custom sum

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landed value(CIF               550000

custom duty                           @ 16

countervailing duty               @ 16

education cess                       @ 2

 

 

what is the amt of education cess....plz. give cal. in detail                                                                                        

Replies (8)

 

CVD Cess (Educational Cess 2% + Higher Educational Cess 1%)   2.00%                       2,062.02
BCD Cess (Educational Cess 2% + Higher Educational Cess 1%)   1.00%                       1,940.43

Upto my understanding you have given CIF value in this 1% Landing cost will be included then BCD and CVD will be calculated and then CVD cess @ 3% will be calculated and then addtion of all BCD cess @ 3% will be calculated.

CVD Cess= 3093.02

BCD Cess=5852.21

 

But if you have provided the landed cost, then the value will be-

CVD Cess=3062.40

BCD Cess=5794.27

 

But wait for the experts comment,

 

Regards,

in the question it is given that landed value(cif)

 

Assessable Value       550,000.00
BCD 16.00%       88,000.00
CVD 16.00%     102,080.00
Cess on CVD 2.00%        2,041.60
Cess on CVD 1.00%        1,020.80
Total       193,142.40
Cess on BCD 2.00%        3,862.80
Cess on BCD 1.00%        1,931.40
Total       198,936.60
Total       748,936.60
Additional Duty 4.00%       29,957.50
Total Duty       228,894.10

thxs to all of u my dear friends for u r  support

 

regards

vijay

Respected vivek ji,

your statement is right i have add the 1% landing cost and if i not the add then the calculation will:-

 

Ass Value 550000.00

 

BED @ , 16%, 88000.00

 

CVD, @ , 16%, 102080.00

 

Edu Cess, 2%, 2041.60

 

S&H Cess, 1%, 1020.80

 

Cess, 2%, 3862.85

 

S&H, 1%, 1931.42

 

ADDL Duty, 4%, 29957.47

 

Customs Duty:-228894.14

 

KIND ATTN:- VICKY9384,

MR. VIVEK JI, & MR. AKHIL GUPTA JI,

VALUE MATCH WITH ME .

REGARDS

@ Ramesh Kumar Verma Ji, I have already attached the excel file with formula with the help of this file value of custom duty can be arrived easily. You can check the file and formula in it, your suggestion for futher improvement in this file is highly solicited.

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