Customs – Import – Export – SEZ – By: – Kishan Barai – Dated:- 22-7-2017 Last Replied Date:- 6-8-2017 – Case 1.-Where product attracts IGST but not CVD Suppose Assessable Value (A.V.) including landing charges =Rs. 100/- (1) BCD- 10% (2) IGST-12% (3) Education cess – 2% (4) Higher education cess -1% In view of the above parameters, the calculation of duty would be as below: (a) BCD = ₹ 10 [10% of A.V.] (b) Education cess- ₹ 0.2 [2% of (a)] (c) Higher education cess- ₹ 0.1 [1% of (a)] (d) IGST- ₹ 13.236 [A.V.+(a) +(b) +(c)]x12% Case 2. Where product does not attract CVD but attract IGST as well as compensation cess Suppose Assessable Value (A.V.) including landing charges =Rs. 100/- (1) BCD- 10% (2) IGST-12% (3) Educ
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+ BCD) (c) Education cess- ₹ 0.464 [2% of (BCD+CVD)] (d) Higher education cess- ₹ 0.232 [1% of (BCD+CVD)] (e) IGST- ₹ 34.69 [A.V.+(a)+(b)+(c)+(d)]x 28% Case 4. Where product attract CVD, IGST& Compensation cess: Suppose Assessable Value (A.V.) including landing charges =Rs. 100/- (1) BCD- 10% (2) CVD- 12% (3) IGST-28 % (4) Education cess – 2% (5) Higher education cess -1% (6) Compensation cess-10% In view of the above parameters, the calculation of duty would be as below: (a) BCD = ₹ 10 [10% of A.V.] (b) CVD = ₹ 13.2 [ 12% of (A.V.+ BCD) (c) Education cess- ₹ 0.464 [2% of (BCD+CVD)] (d) Higher education cess- ₹ 0.232 [1% of (BCD+CVD)] (e) IGST- ₹ 34.69 [A.V.+(a)+(b)+(c)+(d)]x 28% (f) Compe
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gears up for GST roll-out Guidance Note for Importers and Exporters PDf Page No. 9, 10 and 11 please select below link to see this.http://www.cbec.gov.in/resources//htdocs-cbec/deptt_offcr/gst-advisory-importers-exporters-final-version-final.pdf – Reply By Ganeshan Kalyani – The Reply = Nice article . Thanks – Reply By Kishan Barai – The Reply = In view of the above parameters, the calculation of duty would be as below:(a) BCD = ₹ 10 [10% of A.V.](b) Education cess- ₹ 0.2 [2% of (a)](c) Higher education cess- ₹ 0.1 [1% of (a)](d) IGST- ₹ 13.236 [A.V.+(a)+(b)+(c)]x12%(e) Compensation cess- ₹ 11.03 [A.V.+(a)+(b)+(c)]x 10% [Small Correction from my above Post] – Reply By Nandan Khambete – The Reply = The above cal
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