Calculation on Import Duty Post GST
By: – Kishan Barai
Customs – Import – Export – SEZ
Dated:- 22-7-2017<\/p>\n
Case 1.-Where product attracts IGST but not CVD
\nSuppose Assessable Value (A.V.) including landing charges =Rs. 100\/-
\n(1) BCD- 10%
\n(2) IGST-12%
\n(3) Education cess – 2%
\n(4) Higher education cess -1%
\nIn view of the above parameters, the calculation of duty would be as below:
\n(a) BCD = ₹ 10 [10% of A.V.]
\n(b) Education cess- ₹ 0.2 [2% of (a)]
\n(c) Higher education cess- ₹ 0.1 [1% of (a)]
\n(d) IGST- ₹ 13.236 [A.V.+(a) +(b) +(c)]x12%
\nCase 2. Where product does not attract CVD but attract IGST as well as compensation cess
\nSuppose Assessable Value (A.V.) including landing charges =Rs. 100\/-
\n(1) B<\/p>\n
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\n(b) CVD = ₹ 13.2 [ 12% of (A.V.+ BCD)
\n(c) Education cess- ₹ 0.464 [2% of (BCD+CVD)]
\n(d) Higher education cess- ₹ 0.232 [1% of (BCD+CVD)]
\n(e) IGST- ₹ 34.69 [A.V.+(a)+(b)+(c)+(d)]x 28%
\nCase 4. Where product attract CVD, IGST& Compensation cess:
\nSuppose Assessable Value (A.V.) including landing charges =Rs. 100\/-
\n(1) BCD- 10%
\n(2) CVD- 12%
\n(3) IGST-28 %
\n(4) Education cess – 2%
\n(5) Higher education cess -1%
\n(6) Compensation cess-10%
\nIn view of the above parameters, the calculation of duty would be as below:
\n(a) BCD = ₹ 10 [10% of A.V.]
\n(b) CVD = ₹ 13.2 [ 12% of (A.V.+ BCD)
\n(c) Education cess- ₹ 0.464 [2% of (BCD+CVD)]
\n(d) Higher education cess- ₹ 0.232 [1% of (BCD+CVD)]
\n(e)<\/p>\n
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\nCalculation on Import Duty Post GST give in Indian Customs 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.
\nhttp:\/\/www.cbec.gov.in\/resources\/\/htdocs-cbec\/deptt_offcr\/gst-advisory-importers-exporters-final-version-final.pdf
\n Dated: 24-7-2017
\n Reply By Ganeshan Kalyani as =
\nNice article . Thanks
\n Dated: 26-7-2017
\n Reply By Kishan Barai as =
\nIn view of the above parameters, the calculation of duty would be as below:
\n(a) BCD = ₹ 10 [10% of A.V.]
\n(b) Education cess- ₹ 0.2 [2% of (a)]
\n(c) Higher education cess- ₹ 0.1 [1% of (a)]
\n(d) IGST- ₹ 13.236 [A.V.+(a)+(b)+(c)]x12%
\n(e) Compensation cess- ₹ 11.03 [A.V.+(a)+(b)+(c)]x<\/p>\n
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