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Regarding Calculation of EC and SHEC wrt import of goods.
on many websites it is shown that EC and SHEC are calculated on BCD but some websites are showing calculation of EC & SHEC on value of BCD+IGST. does anyone know the proper method to calculate EC and SHEC w.r.t import of goods and also if there is any real invoice or clarification issued by CBEC, kindly provide that too. thanks
Replies (4)
it is to be calculated on BCD only. Not on GST.
But compensation cess is to be calculated on GST part in case applicable.
thanks. but in CA final And CS Professional books it is calculated on IGST+ BCD amt.
Refer icegate portal for correct calculation. I hope that will show right one.
I checked on icegate portal and it is not calculating on igst but it also shows disclaimer that it might be wrong also
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