Skip to Content
0
Former Member
Jan 07, 2009 at 05:52 AM

How to set Custom Duty ?

21 Views

Hi All,

I want to set custom duty for import invoices with the following conditions:

1. Vendor should NOT be credited

2. Inventory should be affected

The duty structure is:

Assessable Value : Price + 1%

Custom Duty @ 10% of AV (Part of Cost)

CVD @ 10% of Custom Duty (Claimable)

Ed Cess @ 2% of CVD (Claimable)

S&H Cess @ 1% of CVD (Claimable)

Custom E Cess @ 2% of (Custom DutyCVDEd Cess+S&H Cess) - (Part of Cost)

Custom S&H @ 1% of (Custom DutyCVDEd Cess + S&H Cess) - (Part of Cost)

Additional CVD @ 4% of (AV plus all above taxes) ( Claimable).

Please help...

Thanks.