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 Value100000
BCD Rate=10%
Excise Rate=12%+Cess
SAD Rate=4%
View AnswerTotal Custom Duty was calculated as follows
S.NO 
PARTICULARS 
AMOUNT 
A 
Assessable Value 
100000 



B 
10000 




C 
Total (A+B) 
110000 



D 
Cvd @ 12% On C 
13200 



E 
Total (B+D) 
23200 



F 
Primary Education Cess (2% ON E) 
464 



G 
Secondary Education Cess (1% ON E) 
232 



H 
Total (C+D+F+G) 
123896 



I 
SAD (4% ON H) 
4955.84 



J 
Total Custom Duty (B+D+F+G+I) 
28851.84 
ea
From 1.3.2015
Excise Duty Rate has been increased from 12% to 12.5%
Similarly CVD Rate has also become 12.5%
However,Cess on BCD continue to be levied
Example
(Primary Education Cess and Secondary Education Cess which were exempted earlier now have become useless as Cess in General has been removed from excise)
Suppose Assessable Value100000
BCD Rate=10%
Excise Rate=12%+Cess
SAD Rate=4%
View AnswerTotal Custom Duty was calculated as follows
S.NO 
PARTICULARS 
AMOUNT 
A 
Assessable Value 
100000 



B 
10000 




C 
Total (A+B) 
110000 



D 
Cvd @ 12.5% On C 
13750 



E 
Total (B+D) 
23750 



F 
Primary Education Cess (2% ON E) 
475 



G 
Secondary Education Cess (1% ON E) 
237.5 



H 
Total (C+D+F+G) 
124462.5 



I 
SAD (4% ON H) 
4978.5 



J 
Total Custom Duty (B+D+F+G+I) 
29441 
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