Ec and shec
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2015
Please give me the reason why EC and SHEC is not applicable when there is Additional Excise Duty.
16 January 2015
ON the goods imported, the importers are required to pay education cesses on CVD and again on total Customs duties. In this budget, separate notifications have been issued vide Notification No. 13/2012 and 14 /2012-Customs dated 17.3.2012 to exempt the Education Cess and Secondary Education cess leviable under sub-section (1) of Section 3 of the Customs Tariff Act, 1975. The effect of these Notifications is that the imported goods will attract Cess only once on the total customs duty payable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
Thank u very much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
