Additional Custom Duty
This query is : Resolved
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?
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)
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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
