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Central Excise - Highlights / Catch Notes

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Payment of duty by 100% EOU - What was required to be done for ...


Calculating Duty for 100% Export Oriented Units: Apply 25% of Customs Duty, Add CVD, Calculate Excise Duty and Cess.

September 7, 2013

Case Laws     Central Excise     AT

Payment of duty by 100% EOU - What was required to be done for the purpose of calculating duty payable by a 100% EOU was to calculate the customs duty payable (by calculating 25% of the normal rate as per the exemption notification), add CVD and thereafter treat the amount as excise duty and pay Cess on the same which would be the Cess payable on central excise duty worked out as per the formula. - AT

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