Dear Experts,
We have manufacturing unit….Importing some kind of raw material which we are using in our manufacturing.
While importing the above material we are paying some taxes those are mentioned in BILL OF ENTRY by customs dept…
The Bill of entry states the following taxes….
Basic amount: xxxxxxxxx
a) BCD:xxxxx
b) CVD:xxxx
c) Edu. Cess CVD:xxxx
d) SHE.CESS CVD:xxxx
e) Customs Education cess:xxxxxx
f) Addl Duty (Imports):xxxxxxx
g) SH customs Edu .cess:xxxxx
The Sum of “a to g” is CUSTOMS DUTY that we are paying through dd…
My query is what is the exact taxes from the above list for the utilization of Input credit in ER-1 return (excise duty monthly return)
Please suggest me it’s very urgent for us….
Thanking you sir,
//SURYA//
CAclubindia
