05 May 2009
M/s A & Co is a partnership firm in india manufactures bottles, which purchases capital goods from a 100% EOU.The EOU issues invoices as below for the said removal. Amount in lacs i) Assessable value :100.00
ii) Basic customs Duty @50% of 7.5%:3.75 on Rs.100.00
iii)CVD on i& ii above @ 10% :10.375 iv) Edu cess on CVD @ 2% :0.2075 v) secondary & Higher edu cess on :0.1037 CVD @ 1%
vi) Total Customs Duty :14.4365
vii)Education cess on customs duty:0.288 @2% viii)Secondary & higher education :0.144 cess on Customs Duty @ 1%
ix) Aggregate duties of customs : 14.868 (vi + vii + viii)
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