goods sold by EOU to DTA of value u/s 14(1) 7500/-
basic custum duty 10 %
CVD IS 20 %
EDU. CESS ON IMPORTED GOODS IS 2%
SHEC IMPORTED GOODS IS 2%
CALCULATE IN EXACT AMOUNT OF EXCISE DUTY PAID BY EOU.........?????
AND ALSO
CALCULATE CENVAT CREDIT TAKEN BY DTA.......???????
W.e.f 7-9-2009 the computation is as follows:
Assessable value 7,500
Add: BCD @ 5% 375(1)
Add: CVD @ 20% on 7875 1575(2)
Add: EC&SEC on 1575 47.25(3)
Add: Ec&SEC on 1+2+3 59.91(4)
total for 3(5) 9557.16
Additional duty u/s 3(5) 382.28(5)
Total custom duties 1+2+3+4+5 2439.4
Add: EC&SEC on 2439.4 73.18(6)
Total excise duty payable by 100% EOU 2513
Cenvat credit available
CVD 1575
Duty 3(5) 382.28
EC&SEC (3+6) 120.43
total 2077.71
Very Very useful Question and Answer. Thanks both of you.
T R SOOD & CO
New Delhi
CA Inter
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