TaxTMI 
TaxTMI 
TaxTMI 
In the budget 2012-13 the assessment practice of imported goods in respect of E.Cess and S.H.E. Cess was clarified and it was expained that there would be only one cess on imported goods that is no more cess on CVD. Notification No.13/2012-CUS AND 14/2012-Cus exempts both CVD Cess and Customs Cess that are leviable under Section 93 and 94 of the Finance Act 2004 and Section 138 and 139 of te Finance Act 2007 which means there would be no levy of any E.Cess and SHE Cess at all on imported goods. It seems to be an unintended mistake by CBEC. May be another amendment can be expected soon.
No cess on imported goods
rajavel calaimany
Cess on imported goods removed, exempting education and SHE cesses and altering import duty assessment. The budgetary clarification and subsequent notifications exempt education cess and secondary and higher education cess from import assessment, removing those cesses on imported goods and excluding them from countervailing-duty-linked and customs cess levies, though the measure may reflect an unintended administrative mistake and could be subject to future amendment. (AI Summary)