Bill of entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2013 Can any one explain me...
bill of entry (trader - importer)
a BoE having:-

a.Invoice in Dollor
b.Exchange rate
c. Total a*b
d. HSS load rate 2% of c
e.Landing Charges 1% of c
f. total c+d+e
g. 5% duty charged of f
h. total f+g
i. cvd (excise duty) 12% charged of h
j. edu cess and higher cess 3% of g+i
k. total h+i+j
l. additional duty refundable 4% of k

pls explain me all these points in short.

dont post here any link.
in that only column (i) is pass on to manufacturer i.e. 12%.
rest is not passed on.
and additional duty claimed.as SAD.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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28 February 2013 DEAR AUTHOR without posting calculator how can you understood.

Kindly mentioned the desired value in below mentioned link if you have any query ask eminent expert will assist you:

http://www.cybex.in/indian-custom-duty/Horses-Duty-Calculator-01011010.aspx