Import bill

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EXECUTIVE ACCOUNTS
66 Points Joined December 2011

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

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On 25 August 2012 at 15:12 Report
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Consultant - Taxation
264 Points Joined August 2010

CVD & additional duty amount  you can avail as input credit.

 

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On 25 August 2012 at 15:30
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You can claim only CVD amount 16684+586+293 and additional duty of 6264/- only

CVD amount Rs.16684 + 586 +293 & Additional duty Rs.6264

Read more at: /forum/import-bill-217192.asp#.UE8Vx66CZTI
CVD amount Rs.16684 + 586 +293 & Additional duty Rs.6264

Read more at: /forum/import-bill-217192.asp#.UE8Vx66CZTI
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On 11 September 2012 at 16:15
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MBA
571 Points Joined August 2012

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)

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On 11 September 2012 at 18:03
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Agree Mr Rama Krishnan, The Cess on CVD is removed from calculation w.e.f 17/03/2012

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On 20 September 2012 at 15:16


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