banner_ad

custom sum

965 views 8 replies

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details