nirmal jain (student) (75 Points)
14 July 2010
we are import the vessal( ship) for ship breaking and pay Excise duty & Custom duty on the same.
we are pay
excise duty on ship purchase @ 8% & education cees @ 3%
Excise Duty on Oil in ship @ 8% & education cees @ 3%
Custom duty @ 10% & education cees @ 3%
Add. custom duty @ 4%
I want to know that which is to be taken in cenvat credit.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 21 March 2011
| Originally posted by : nirmal jain | ||
 |
we are import the vessal( ship) for ship breaking and pay Excise duty & Custom duty on the same. we are pay excise duty on ship purchase @ 8% & education cees @ 3% Excise Duty on Oil in ship @ 8% & education cees @ 3% Custom duty @ 10% & education cees @ 3% Add. custom duty @ 4% I want to know that which is to be taken in cenvat credit. |
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Excise duty + Edu cess is cenvatable
SAD is refundable if the goods are sold after paying VAT
CAclubindia
