Excise duty

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Student CA IPC / IPCC

33 Points Joined November 2013

We are the importers of Aluminum scrap what duties can we avil while takin input credit

CVD : 12.5% + 2.5%

Customs Educaitonal Cess: 2%

S&H: 1%

Additinol Import Duty: 2%

after this

Customs Edu cess: 7014.80

Additional Duty: 53036.30

SH CESS: 3507/-

Please clarify that what duties can be taken as credit in Excise

Regards

Replies (1)

Partner associate at Hiregange & Associa

1279 Points Joined November 2009

Dear Mr. Manish,

You can cenvat credit of CVD 12.5% which is levied in lieu of central excise duty

Aand you can avail Additional duty of 4% in Bill of Entry. Check your BOE properly it may be 4%.

Venkat

venkat @ hiregange.com

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