Advalorem CVD Rate
This query is : Resolved
CA. Tarun Navlani
(Querist)
28 May 2009
Hello,
Does the notation "advalorem rate of CVD" include education cess on CVD? Or is it just the basic rate of additional duty of customs?
My question is with reference to the formula given under rule 3(7) of CENVAT credit rules which restricts the cenvat credit on inputs acquired in DTA from 100% EOU.
Does the notation "advalorem rate of CVD" include education cess on CVD? Or is it just the basic rate of additional duty of customs?
My question is with reference to the formula given under rule 3(7) of CENVAT credit rules which restricts the cenvat credit on inputs acquired in DTA from 100% EOU.
Madhukar N Hiregange
(Expert)
28 May 2009
The rate is basic. EC would be extra.
Vishnu Saboo
(Expert)
24 July 2009
yes it is including of Edu Cess.
i.e. Excise duty+Edu Cess+S & H Sec Cess
i.e. Excise duty+Edu Cess+S & H Sec Cess
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