Excise cess

Sir,  what is Excise Cess.  It is levied on Paper products on basic value @ .125%. It is eligible for to avail as cenvat credit ?

 

Ex:            Basic                                        -    100000

                 Excise Duty   @ 5%                 -        5000

                 Excise Cess   @ 0.125 %      -          125

                 Ed. Cess @ 2%                      -          103

                 SH.Ed. Cess @ 1%                -            51

                 CST   @ 2%                              -        2106

                 Total  Value                              -   107385/-

 

 

 

Replies (3)

no 

only basic excise duty/ edu cess/ S&HS edu cess is cenvatable. 

Sir,

 

Whether you have received that material from EOU unit, if so there will be two types of cess, Excise cess and customs cess. Eou's whoever does a clearance in DTA will be paying that duty .

You can avail cenvat for excise cess, if you are registered with central excise authorities.

the duty calculation will be like this.

BCD 

CVD

Excise Cess 2+1 %

Customs Cess /Agg.Cess 2+1 %

SAD

Kindly ensure that whether you have received material from EOU or not .

 

@ all

On payment of Clean energy cess leviable on coal, lignite, and pit one cannot utilise CENVAT CREDIT nor on payment of such cess its CENVAT CREDIT BALANCE will increase.

NOTE: This is only for CLEAN ENERGY CESS.

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