customs cess (Edu. cess and SHAS) in import duty calculation post GST
This query is : Resolved
22 June 2017
Dear Friends,
is there any clarity on customs cess (Edu. cess and SHAS)?
whether it will be leviable or not
if yes then whther before IGST or after IGST?
Thanks in advance.
23 June 2017
Customs Cess may not be applicable as per the link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/imports-of-GST-onlineversion-07june2017.pdf;jsessionid=116C014EFC1AC47BD0F9D8C2B7CBE040
However with bare reading of the law says Customs Cess should continue to levy. Therefore need more clarity on it.
It can be estimated that instead of Custom Cess, GST Cess will be applicable.
IGST and GST Cess will be amputated on Base value + BCD
However with bare reading of the law says Customs Cess should continue to levy. Therefore need more clarity on it.
It can be estimated that instead of Custom Cess, GST Cess will be applicable.
IGST and GST Cess will be amputated on Base value + BCD
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