excise duty

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.......???????

Replies (2)

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.

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