hi pls can any one solve my porblem as given below ?
our company is manufacturing cum job worker, we have recd bill of custom in which BCD amount Rs.12640 & CVD amount Rs.16684 + 586 +293 & Additional duty Rs.6264 + Cess Rs.393 for import of Air Atomizing Nozzle so what will be the accounting entry and which amount can we claim credit. pls..........
Regards
Nilesh
CVD & additional duty amount you can avail as input credit.
In current Bill of entry, wherein Cess on CVD is removed, only two elements are CENVATTABLE,
1. CVD (counter valling duty)
2. SAD ( special Additional Duty)
Chirag N Shah & Associates
Mumbai
CA Inter
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