About additional custom duty

This query is : Resolved

Roy Sudeep D Souza (Querist)
Follow

17 October 2013 Can any1 pls tell me whether Additional custom duty levied which is equal to the excise duty includes education cess or not?????
If excise duty is 12% then shud we calculate ACD only 12% or 12.36% i.e., including education cess????

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
Follow

17 October 2013 U Will get Input Credit of 12% only.

Its the big mistake of government to not give credit for edu cess etc.

But as per rules u will get credit of 12% only.

Message likes : 1 times

Roy Sudeep D Souza

Roy Sudeep D Souza (Querist)
Follow

17 October 2013 So only 12% of duty is levied for the purpose of calculation of Custom duty knw?????

Upgrade to CAclubindia Pro. Subscribe Now!