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Plz. reply it urgently........!!

Final 708 views 2 replies

what are the CCR provisions with respect to
" Goods manufectured by 100% EOU are removed to DTA"
in the hands of 100% EOU as well as DTA ?? 

I mean how much exemption will be allowed to 100%EOU ??

& How much credit can be taken by DTA on the goods manufectured in 100%EOU ??


Plz. give provision details also.

Thanks in advance for urgent repling it.

Replies (2)

I think that ,If goods manufactured in 100% EOU are brought to DTA then excise duty charge there on equal to aggregate of all custom duty chargeable on import of same goods. Basic custom duty is 50 % exempt  u/s 3(1) of central excise act.

No excise chargeable on EOU as they are not considered as a patr of India for excise.

Please confirm and if there are any mistake correct me too....

Thanks

What Prachi has said is right  but  i tell u the detailed solution as follows..

1.Goods removed by 100% E.O.U to D.T.A is considered as Deemed Import, the Duty Leviable on such a deemed import shall be ; 

Basic Custom Duty rate *0.50(with No C.C.R availablity)  +

CVD u/s 3(1) in order to compensate Excise duty at it's prevailing rate (with Full C.C.R availablity)  +

Edu. Cess @ 2 % on BCD and CVD (with No C.C.R Availability since no c.c.r was available on B.C.D )  +

Sec n Higher edu cess @ 1% on BCD and CVD (With NO C.C.R availablity as in edu. cess )  +

CVD u/s 3(5) in order to compensate VAT but It is Exempted So NET Effect NIL (since it's exempt so No C.C.R shall be available)

 

Regards.....

Manish Arya


CCI Pro

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