computation of customs duty

kalpesh (Student) (43 Points)

17 November 2009  

 

OPTION A  
   
Basis Value  100.000
Custom duty @ 5% 5.000
  105.000
CVD @ 8% 8.400
Cess on CVD @ 3% 0.252
Total Duty 13.652
Cess on Total Duty @ 3% 0.410
FINAL DUTY 14.062

 

 

OPTION B  
   
Basis Value  100.000
Custom duty @ 5% 5.000
  105.000
CVD @ 8% 8.400
Cess on CVD @ 3% 0.252
Total Duty 13.652
Cess on Total Duty @ 3% 0.410
Net duty /  Excise duty for EOU 14.062
   
Cess on Excise Duty 0.422
Total duty 14.483
 
   
Basis Value  100.000
Custom duty @ 5% 5.000
  105.000
CVD @ 8% 8.400
Cess on CVD @ 3% 0.252
Total Duty 13.652
Cess on Total Duty @ 3% 0.410
Net duty /  Excise duty for EOU 14.062
   
Cess on Excise Duty 0.422
Final duty 14.483

Which is the correct computation Option A or Option B...

Any changes in computation if it is scrap sales.....