Dear Sir/Madam,
Kindly inform formula to calculate custom and excise duty from import bill of entry. Also clarify on maximum/total duty credit allowed on imports in Cenvat register and column number where to be recorded.
Thanks
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Dear Sir/Madam,
Kindly inform formula to calculate custom and excise duty from import bill of entry. Also clarify on maximum/total duty credit allowed on imports in Cenvat register and column number where to be recorded.
Thanks
Old Query - New Comments are closed.
From CBEC/ICEGATE Website you can get the duty calculation and the CENVAT credit shall be available to you would be sum total of CVD + SAD.
Sir, the formula is as below:
A) Cost = ×××
B) Add: landing charges = 1% of cost
C) Assessable value = A+B
D) BCD = C x % of duty applicable
E) Value = C + D
F) CVD = E x % of CVD
G) Total value = E + F
H) Ed. Cess = (D+F)*3%
I) Total Import value = G+H.
Thanks.
However please cross check with the import duty calculator before implementation. Thanks.
Old Query - New Comments are closed.