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author's profile photo Former Member
Former Member

Excise Duty

Posted on Feb 18, 2009 at 09:31 AM 16 Views

Hi Friends,

Please explain about the various excise duties like BED, AED. When these are applicable?

Thanks & Regards

Saeed Arif

MM (Materials Management)
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3 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Feb 20, 2009 at 07:29 AM

    Hi,

    Here are the rates:

    BED- 12.5% and 14% depending on the types of goods

    CVD - Counter Vailing duty - 16% (on assesable value + Basic Duty)

    ECCVD - Education cess on CVD - 2% (on CVD)

    CEC - Custom Education Cess - 2% ( on Basic Duty + CVD + ECCVD)

    ACD - Additional Custom Duty - 4% ( on BD+ CVD+ ECCVD + CEC)

    I hope this helps..

    IV

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2009 at 03:38 AM

    Hi,

    There are lot of threads discussed in the forum on the subject, Please do a little search and you will get the required information.

    https://forums.sdn.sap.com/click.jspa?searchID=22498476&messageID=6074091

    https://forums.sdn.sap.com/click.jspa?searchID=22498476&messageID=4309209

    https://forums.sdn.sap.com/click.jspa?searchID=22498476&messageID=5827492

    Regards,

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2009 at 03:22 AM

    Excise Duties are Indirect taxes applicable on manufacture of Goods.

    BED - Basic Excise Duty - Applicable on base price of the material

    ECS - Education Cess - Applicable on BED

    SECess - Secondary Higher Education Cess - Applicable on BED

    AED - Additional Excise duty - Applicable on base priceEx dutiescustoms duties.( usually imports)

    CVD - counter Availaing duties. Applicable in case of Imorts

    Regards

    Samson

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