21 January 2014
Can CVD be claimed as a part of Duty Drawback and the same is not taken in as Cenvat Credit, If yesp please provide Notification or any circulars
23 January 2014
no cvd can be claimed as separate stage.
This duty is equivalent to central excise duty leviable on a like product manufactured in India. Current rate applicable to majority of the industrial products is 16 per cent plus 2 per cent education cess, taking the effective rate to 16.32 per cent. This duty is calculated on the value of product + basic customs duty.
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