TaxTMI 
TaxTMI 
IF BCD paid thru licence
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....F BCD paid thru licence<br> Query (Issue) Started By: - Mridul Sethi Dated:- 2-5-2012 Last Reply Date:- 4-5-2012 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>Sir, If we pay BCD thru licence, t....
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....hen AED is to be calculated on landed cost or on (landed cost + custom duty) figure. Actually we are receiving BOE ot this case with the calculation of AED on landed cost, but my query is that in this....
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.... way are we not paying less amount to the govt. Regards, Mridul Sethi Reply By Pradeep Khatri: The Reply: If you had paid BCD through licence then it means that customs duty is exempted to that ex....
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....tent. And if customs duty is exempted then CVD will not will calculated on the exempted part of the BCD. Reply By kamal chordia: The Reply: AED Calulate on landed cost +Basic Custom Duty in all case....
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....s weather you paying duty through cash or through licence Reply By Radha Arun: The Reply: AED is always calculated on landed cost plus customs duty, under section 3(2) of the Customs Tariff Act. How....
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....ever, in the case of licence, the basic duty is actually exempted. Licence debit is only a way of keeping track of how much exemption is availed, as against the face value of the licence. So, there is....
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.... no basic customs duty while calculating AED. (The AED is also exempted. Again, the licence debit is a way of keeping track of the exemption.)<br> Discussion Forum - Knowledge Sharing ....