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Former Member

import duty

hi,

may i know if import duty same as custom duty? if not then what is import duty?

thanks

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1 Answer

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    Former Member
    Oct 16, 2008 at 05:49 PM

    Import Duties are of different types .. like

    basic custom duty - BCD

    countervailing duty - CVD

    Ecess on CVD

    SEcess on CVD

    Ecess on BCD

    SEcess on BCD

    Additional duty on customs - ADC

    Anti dumping duty

    etc etc etc.......

    We can claim Cenvat credit on CVD and ADC

    Here CVD is taken as BED-basic excise duty

    and ADC is taken as additional excise duty - AED

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