Check sibling questions

We know that on Imported purchase,

CVD is charged at Rate of Excise Duty

Till 28.2.2015

General Rate of Excise duty was 12%+cess

Hwoever, CVD was charged @ 12% and Cess was Exempted

 

Example

Suppose Assessable Value-100000

BCD Rate=10%

Excise Rate=12%+Cess

SAD Rate=4%

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.