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Import : Aditional Custome duty

Former Member
0 Kudos

Hi all

we have got one problem regarding Additional Custom Duty(ACD)

when we do the MIGO-J1IEX for "Capital goods and Asset" the system show 100% Credit Availed for ACD all other duties are coming ok

Like

Duty Type Credit Availed Credit Due

BED (CVD) 50% 50%

ECS (CVD) 50% 50%

SECS (CVD) 50% 50%

ACD(Additional Cut Duty) 100% --

we want Credit availed for ACD should be 50% and 50% should go to Credit due

how should we do

Thanks in advance

Edited by: JAM SAP on Apr 21, 2008 6:38 AM

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi

can anybody please give the clue regarding this problem

please...........

Thanks

Former Member
0 Kudos

Hi

what the system is showing correct.You cna avail hundred percent credit on the ACD in the first year itself.

regards

vithal

Former Member
0 Kudos

Hi

as per client requirement additional custom duty should be availed 50% In current fiscal year and 50% in next fiscal year

Thanks

former_member1275554
Active Participant
0 Kudos

Hi,

A new imports duty, Additional Duty of Customs - ADC, has been introduced with the Budget 2006-2007. As per the law, it is allowed to take 100% of credit for ADC for capital goods in the first instance, unlike other excise duties for capital goods. For all other excise duties for capital goods, it is required to take only 50% of the duty credit and the remaining after a certain period of time through the transaction J2I8.

Ask your client to re-check the legal notification.

Regards,

Sandeep

Former Member
0 Kudos

Hi

as sandeep described You can avail 100% on ADC in the first year itself.It was clearly mentioned in the tax books.You can guide your client on this and refer the nets or excise duty books.

regards

vithal

Former Member
0 Kudos

Hi sandeep

you are right at ur point but we have to go as per client requirement

now my question is from where we can make the setting to get the result as per client requirement.

thanks