Integrated tax under section 3(7)

Indira (CA ) (1381 Points)

11 February 2018  

Hy

For calculating integrated tax under section 3(7) of customs act we take transaction value + basic customs duty and then do we also add cess before calculating integrated tax or not?

 

Transaction value.        Xxxxxx

Add customs duty .       Xxxxxx

Total value.                  Xxxxxx

Add cess                      Xxxx,x

Total                             xxxxxx

Add integrated tax.     Xxx xxx

 

Is it right ?

 

Thanks

Indira