Excise duty

V S L (Accountant) (54 Points)

10 December 2010  

Please tell me, about Excise invoice contains which is for machinery manufactured at out of country and purchased from subsidery company in maharashtra.

A. Basic customs duty @ 7.5%

    customes duty cess 2%+1%

B. Basic CVD @ 10%

    cess on CVD  2%+1%

C.  A+B = Excise duty

     Excise duty cess 2%+1%


In above calculation which duties are refundable.