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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%

View Answer
  1. Indirect Tax
  2. Amendments Indirect Tax for November 2016 Exams
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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