Additional Custom Duty
This query is : Resolved
Amit Sancheti
(Querist)
10 May 2010
I need Help!
If an importer is importing goods from any country and he is charged Additonal Custom duty which is equivalent to the Domestic Vat rates, can we claim input credit on such payment?
Further the ammount of ACD will be calculated as per which value? i mean the customs value or as per the Permit Value when the Stokc crosses the custom boundary?
If an importer is importing goods from any country and he is charged Additonal Custom duty which is equivalent to the Domestic Vat rates, can we claim input credit on such payment?
Further the ammount of ACD will be calculated as per which value? i mean the customs value or as per the Permit Value when the Stokc crosses the custom boundary?
Ashok Asthana
(Expert)
04 June 2011
If you are a manufacturer, you can take credit of ACD.
ACD is 4% on ( Assesable vale+customs duty+Cess on CD+CVD+Cess on CVD)
ACD is 4% on ( Assesable vale+customs duty+Cess on CD+CVD+Cess on CVD)
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