Education Cess & Higher Educational Cess

[BRIJMOHAN GOYAL]

Sir,

During C.Excise rates amendment, Excise duty has revised from 12% to 12.5% and Higher Education Cess and Eductaion Cess withdrawn . Now , For imports , Custom duty : No change, CVD will be in line with Excise duty i.e.12.5% in place of 12% earlier. But , there is no clarification on Education Cess and Higher education cess on imports .

We want to know that whether it will be applicable on import.(Yes/No) . If yes , Amount for calculation for this 2% and 1%.

Regards,

BM Goyal

[MUKUND THAKKAR]

Remain as it is. it is applicable on Import.

[YAGAY andSUN]

Dear B M Goyal,

On import, it Status Quo.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

AI Summary

Education cess applicability on imports remains in force despite excise rate changes, maintaining status quo on customs. The operative position stated by advisory replies is that the Education Cess and Higher Education Cess continue to apply on imports and the status quo is maintained, while the countervailing duty on imports aligns with the revised excise rate.