26 March 2008
A product is imported and same is also manufactured in India, and it's tax structure is as follows ;-
Basic rate 100.00 Custom duty @7.5 7.50 E.Cess @3% 0.225 -------- Total 107.725 Add CVD @16% 17.236 Add E.cess @3% 0.517 -------- Total 125.478 Add Spl duty @4% 5.019 ------- Total 130.497 ------- now please tell me the amount of cenvat credit and total amount of on which we can can claim cenvat credit.