04 October 2009
CVD = addtional duty of customs It is = to central excise duty of similar goods manufactured in India. At present the CED on most items is 8% + 3% cess on the CED The same is applicable for CVD whic is charged on the Imported value + Cyustoms duty. [ assuming 7.5% is CD then on 107.5]
This is available as cenvat credit similar to CED and can be passed on as dealer or utilised for manufacture of excisable goods.
CAclubindia
